Allied Motion Increases Quarterly Cash Dividend 25%

Rhea-AI Summary

Allied Motion Technologies Inc. (Nasdaq: AMOT) has announced a quarterly cash dividend of $0.025 per share, reflecting a 25% increase from the previous rate of $0.02. This change follows a three-for-two stock split executed on April 30, 2021. The dividend is payable on June 2, 2021, to shareholders on record as of May 19, 2021. Allied Motion, based in Amherst, NY, specializes in controlled motion products across multiple sectors including Vehicle, Medical, and Aerospace.

Positive

• Quarterly cash dividend increased by 25%, enhancing shareholder returns.
• Company maintains a strong focus on precision and specialty controlled motion technologies, indicating robust growth potential.

Negative

• None.

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, up 25% from the previous rate of $0.02 per share. The dividend rates reflect the three-for-two stock split, distributed after the close of trading on April 30, 2021. The dividend will be payable on June 2, 2021 to stockholders of record as of the close of business on May 19, 2021. Allied Motion has approximately 14.7 million shares outstanding.

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/20210505005842/en/

FAQ

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

The new dividend amount is $0.025 per share.

When will the dividend for AMOT be paid?

The dividend will be paid on June 2, 2021.

What is the record date for the AMOT dividend?

The record date for the dividend is May 19, 2021.

How much was the previous dividend amount for AMOT?

The previous dividend amount was $0.02 per share.

What does the 25% increase in dividend signify for AMOT shareholders?

It signifies a commitment to returning value to shareholders and potential financial strength of the company.