ALAMO GROUP INC. DECLARES AND INCREASES REGULAR QUARTERLY DIVIDEND
SEGUIN, Texas, January 3, 2022 -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.18 per share, approving an increase in the Company's quarterly dividend, from $0.14 per share to $0.18 per share. Payment will be made on February 1, 2022 to shareholders of record at the close of business on January 18, 2022.
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, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 4,100 employees and operates 27 plants in North America, Europe, Australia and Brazil as of September 30, 2021. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.
ALAMO GROUP INC. DECLARES AND INCREASES REGULAR QUARTERLY DIVIDEND PAGE 2
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 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: overall market demand, continuing impacts from the COVID-19 pandemic including more significant supply chain disruptions, further reductions in customer demand, sales and profitability declines, operational disruptions, full or partial facility closures, and other similar impacts, competition, weather, seasonality, currency-related issues, 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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Alamo Group Inc. published this content on 03 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2022 17:08:11 UTC.
Alamo Group Inc. is engaged in designing, manufacturing, distributing and providing services of equipment for vegetation management, infrastructure maintenance and other applications. The Company operates through two segments: Vegetation Management Division and Industrial Equipment Division. The Vegetation Management Division includes the operations of the mowing and forestry/tree care operations, Morbark and Dutch Power business units. The Industrial Equipment Division includes the Companyâs vocational truck business and other industrial operations, such as excavators, vacuum trucks, street sweepers and snow removal equipment. Its products include tractor-mounted and self-propelled mowers, zero-turn mowers, agricultural implements, tree and branch chippers, forestry/wood recycling equipment, street and parking lot sweepers, leaf and debris collection equipment, pothole patchers, vacuum trucks, hydro-excavation equipment, telescopic boom excavators, and snow removal equipment.
ALAMO GROUP INC. 
