Allient Declares Quarterly Cash Dividend

Rhea-AI Summary

Allient Inc. (formerly known as Allied Motion Technologies Inc.) has announced a quarterly cash dividend payment of $0.03 per share. The dividend will be payable on November 30, 2023, to stockholders of record as of November 16, 2023.

BUFFALO, N.Y.--(BUSINESS WIRE)-- Allient Inc. (formerly known as Allied Motion Technologies Inc.) (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced that its Board of Directors approved a quarterly cash dividend payment of $0.03 per share. The dividend will be payable on November 30, 2023 to stockholders of record as of the close of business on November 16, 2023.

About Allient Inc.

Allient (Nasdaq: ALNT) is a global engineering and manufacturing enterprise that develops solutions to drive the future of market-moving industries, including medical, life sciences, aerospace and defense, agriculture, transportation, robotics and automation. Allient is a family of companies driven by the same goal: to act as one team to provide the most robust, reliable, and high-value products and systems in Motion, Controls, and Power— from mobile weapons systems used by the military to powered wheelchairs that enhance people’s lives.

Allient solutions enable applications that address customers’ most critical challenges so they can seize new opportunities and change the game. The Company’s strategy is to deliver innovative solutions for its targeted markets to drive growth, while adding new technologies and capabilities through acquisition. Headquartered in Buffalo, N.Y., Allient employs more than 2,250 team members around the world. To learn more, visit www.allient.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231101612378/en/

Investor Contacts:

Deborah K. Pawlowski / Craig P. Mychajluk

Kei Advisors LLC

716-843-3908 / 716-843-3832

dpawlowski@keiadvisors.com / cmychajluk@keiadvisors.com

Source: Allient Inc.

FAQ

What is the new name of Allied Motion Technologies Inc.?

The new name of Allied Motion Technologies Inc. is Allient Inc.

What is the ticker symbol for Allient Inc.?

The ticker symbol for Allient Inc. is ALNT.

What is the amount of the quarterly cash dividend payment?

The amount of the quarterly cash dividend payment is $0.03 per share.

When will the dividend be payable?

The dividend will be payable on November 30, 2023.

Who is eligible to receive the dividend?

Stockholders of record as of the close of business on November 16, 2023, are eligible to receive the dividend.