STOCK TITAN

Allied Motion Declares Quarterly Cash Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Allied Motion Technologies Inc. (Nasdaq: AMOT), based in Amherst, NY, has announced a quarterly cash dividend of $0.025 per share. This dividend will be paid on April 5, 2023, to shareholders recorded as of March 22, 2023. Allied Motion specializes in precision-controlled motion products across various industries, including Vehicle, Medical, Aerospace & Defense, and Industrial Markets. The company's strategic focus lies in leveraging its technology to deliver integrated precision solutions aimed at enhancing customer value.

Positive
  • Quarterly cash dividend of $0.025 per share boosts shareholder income.
  • Dividend payment scheduled, indicating financial stability and commitment to returning value to shareholders.
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 5, 2023 to stockholders of record as of the close of business on March 22, 2023.

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, lightweighting technologies, 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.

Deborah K. Pawlowski / Craig P. Mychajluk

Kei Advisors LLC

716-843-3908 / 716-843-3832

dpawlowski@keiadvisors.com / cmychajluk@keiadvisors.com

Source: Allied Motion Technologies Inc.

FAQ

What is the dividend amount for Allied Motion Technologies Inc. (AMOT)?

Allied Motion Technologies Inc. (AMOT) has declared a quarterly cash dividend of $0.025 per share.

When will the dividend be paid for AMOT?

The dividend for Allied Motion will be paid on April 5, 2023.

What is the record date for the dividend payment for AMOT?

The record date for the dividend payment is March 22, 2023.

How does the dividend impact shareholders of AMOT?

The dividend payment provides a return on investment and suggests the company's confidence in its financial stability.

Allient Inc.

:AMOT

AMOT Rankings

AMOT Latest News

AMOT Stock Data

550.91M
13.50M
16.55%
63%
0.38%
Electronic Components
Technology
Link
United States
Amherst