Published January 4, 2016 4:23pm EST | Updated January 4, 2016 6:04pm EST

Alamo Group Hikes Dividend By 12.5% To 9 Cents a Share

Alamo Group Inc. said late Monday its board raised the quarterly dividend by 12.5% to 9 cents a share from 8 cents a share. The dividend will be paid on Jan. 29 to shareholders of record at the close of business on Jan 15. Shares of Alamo were up 2.2% in after-hours trading.