Allied Motion Declares Quarterly Cash Dividend

Rhea-AI Summary

Allied Motion Technologies (NASDAQ: AMOT) declared a quarterly cash dividend of $0.025 per share, scheduled for payment on June 2, 2022. The record date for shareholders is May 19, 2022. The company specializes in precision controlled motion products across various sectors, including Vehicle, Medical, Aerospace & Defense, and others. This dividend reflects Allied Motion's commitment to returning value to its shareholders while pursuing its growth strategy focused on integrated precision solutions.

Positive

• Quarterly cash dividend of $0.025 per share payable on June 2, 2022, demonstrating commitment to shareholder returns.

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 June 2, 2022 to stockholders of record as of the close of business on May 19, 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/20220504005892/en/

Investor

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 declared by Allied Motion Technologies (AMOT)?

The declared dividend amount is $0.025 per share.

When will the dividend be paid by Allied Motion Technologies (AMOT)?

The dividend will be paid on June 2, 2022.

What is the record date for the dividend payment by Allied Motion Technologies (AMOT)?

The record date for the dividend payment is May 19, 2022.

How often does Allied Motion Technologies (AMOT) pay dividends?

Allied Motion Technologies typically pays dividends quarterly.

How does the dividend impact shareholders of Allied Motion Technologies (AMOT)?

The dividend provides a return on investment for shareholders, indicating the company's commitment to shareholder value.