The company fixed July 15 as the record date for determining the eligible shareholders to receive the dividend. The company indicated that the dividend would be payable July 29 to its shareholders.
Alamo Group's dividend payout ratio is 9 percent. For the five-year average period also, its payout ratio remained the same. The company's dividend growth rate in the same five-year period was 7.30 percent.
Alamo Group closed Friday trading down 2.71 percent on the day at $64.18.
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