Allied Motion Declares Quarterly Cash Dividend

Rhea-AI Summary

Allied Motion Technologies Inc. (NASDAQ: AMOT) announced a quarterly cash dividend of $0.025 per share, payable on December 1, 2021, to stockholders of record as of the close of business on November 17, 2021. The company, headquartered in Amherst, NY, specializes in precision and specialty controlled motion products across various sectors, including Vehicle, Medical, Aerospace & Defense, and Industrial. This dividend reflects the company's commitment to return value to shareholders as it continues to develop integrated precision solutions for its target markets.

Positive

• Quarterly cash dividend of $0.025 per share enhances shareholder value.
• Company's focus on controlled motion solutions shows strategic growth potential.

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, at its meeting today, approved a quarterly cash dividend payment of $0.025 per share. The dividend will be payable on December 1, 2021 to stockholders of record as of the close of business on November 17, 2021.

About Allied Motion Technologies Inc.

Allied Motion (Nasdaq: AMOT) designs, manufactures and sells precision and specialty controlled motion products and solutions used in a broad range of industries within our major served markets, which include Vehicle, Medical, Aerospace & Defense, and Industrial. 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 motion technology. Its products include brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gear motors, gearing, modular digital servo drives, motion controllers, incremental and absolute optical encoders, active (electronic) and passive (magnetic) filters for power quality and harmonic issues, 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/20211103005987/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 December 2021?

The dividend amount for Allied Motion Technologies Inc. (AMOT) is $0.025 per share, payable on December 1, 2021.

When is the record date for AMOT's dividend?

The record date for Allied Motion's dividend is November 17, 2021.

How frequently does AMOT pay dividends?

Allied Motion Technologies Inc. typically pays dividends quarterly.

Is the dividend payment from AMOT sustainable?

While the press release indicates a dividend payment, sustainability depends on the company's future financial performance and cash flow.