Allied Motion Declares Quarterly Cash Dividend

Rhea-AI Summary

Allied Motion Technologies Inc. (Nasdaq: AMOT) has announced a quarterly cash dividend of $0.025 per share, payable on April 6, 2022, to stockholders of record by the close of business on March 23, 2022. The company specializes in precision controlled motion products used in various markets, including Vehicle, Medical, Aerospace & Defense, and Industrial sectors. This dividend payment reflects Allied Motion's ongoing commitment to delivering value to its shareholders while focusing on growth strategies in targeted markets.

Positive

• Quarterly cash dividend of $0.025 per share approved, showcasing commitment to shareholders.
• Dividend payment reflects company confidence in ongoing operations.

Negative

• None.

AMHERST, N.Y.--(BUSINESS WIRE)-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a quarterly cash dividend payment of $0.025 per share. The dividend will be payable on April 6, 2022 to stockholders of record as of the close of business on March 23, 2022.

About Allied Motion Technologies Inc.

Allied Motion (Nasdaq: AMOT) designs, manufactures and sells precision controlled motion products and solutions used in a broad range of applications within the Vehicle, Medical, Aerospace & Defense, Electronic, and Industrial Markets. Headquartered in Amherst, NY, the Company has global operations and sells into markets across the United States, Canada, South America, Europe and Asia-Pacific.

Allied Motion is focused on controlled motion applications and is known worldwide for its expertise in electro-magnetic, mechanical, and electronic controlled motion technologies. Its products include nano precision positioning systems, servo control systems, motion controllers, digital servo amplifiers and drives, brushless servo, torque, and coreless motors, brush motors, integrated motor-drives, gear motors, gearing, incremental and absolute optical encoders, active (electronic) and passive (magnetic) filters for power quality and harmonic issues, Industrial safety rated I/O Modules, Universal Industrial Communications Gateways and other controlled motion-related products.

The Company’s growth strategy is focused on being the controlled motion solutions leader in its selected target markets by leveraging its “technology/know how” to develop integrated precision solutions that utilize multiple Allied Motion technologies to “change the game” and create higher value solutions for its customers. The Company routinely posts news and other important information on its website at www.alliedmotion.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220308006173/en/

Investor Contact:

Deborah K. Pawlowski

Kei Advisors LLC

Phone: 716-843-3908

Email: dpawlowski@keiadvisors.com

Source: Allied Motion Technologies Inc.

FAQ

What is the dividend amount for AMOT in 2022?

Allied Motion Technologies Inc. has declared a dividend of $0.025 per share.

When will AMOT's dividend be paid?

The dividend will be paid on April 6, 2022.

What is the record date for AMOT's dividend?

The record date for the dividend is March 23, 2022.

How often does AMOT pay dividends?

AMOT typically pays dividends on a quarterly basis.

Is the dividend for AMOT sustainable?

The sustainability of AMOT's dividend will depend on its ongoing financial performance and operational success.