SEGUIN, Texas, Jan. 2, 2020 /PRNewswire/ -- Alamo Group Inc.
(NYSE: ALG) announced today that its Board of Directors has
declared its quarterly dividend of $0.13 per share, approving an increase in the
Company's quarterly dividend, from $0.12 per share to $0.13 per share. Payment will be made on
January 29, 2020 to shareholders of
record at the close of business on January
16, 2020.
About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution
and service of high quality equipment for infrastructure
maintenance, agriculture and other applications. Our products
include truck and tractor mounted mowing and other vegetation
maintenance equipment, street sweepers, snow removal equipment,
excavators, vacuum trucks, other industrial equipment, agricultural
implements and related after-market parts and services. The
Company, founded in 1969, has approximately 3,625 employees and
operates 29 plants in North
America, Europe,
Australia and Brazil as of September
30, 2019. Including the newly acquired Morbark
business, our products also include forestry and tree maintenance
equipment and we have a total of approximately 4,345 employees and
operate 32 plants globally. The corporate offices of Alamo
Group Inc. are located in Seguin,
Texas.
Forward Looking Statements
This release contains forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward looking
statements include, but are not limited to, statements about the
benefits of the Morbark acquisition including future financial
performance, potential accretion impacts, and synergistic
benefits. Forward-looking statements involve known and
unknown risks and uncertainties, which may cause the Company's
actual results in future periods to differ materially from
forecasted results. Among those factors which could cause actual
results to differ materially are the following: market demand,
competition, weather, seasonality, currency-related issues,
acquisition integration issues, tariffs and other risk factors
listed from time to time in the Company's SEC reports. The
Company does not undertake any obligation to update the information
contained herein, which speaks only as of this date.
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SOURCE Alamo Group Inc.