Alamo Group (ALG) will raise its quarterly dividend by 11.1 percent to $0.10 per share. The increased dividend will be payable January 27, 2017, to shareholders of record at the close of business on January 16, 2017. At a stock price of $77.53 the new $0.40 per share annual dividend translates into an estimated dividend yield of 0.5% for Alamo Group.

Alamo Group is a manufacturer and distributor of equipment for infrastructure maintenance, agriculture and other applications. The company's 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. Alamo operates plants in North America, Europe, Australia and Brazil. The company was founded in 1969. Alamo's corporate offices are located in Seguin, Texas.