Allied Motion Declares Quarterly Cash Dividend
October 31 2018 - 4:15PM
Business Wire
Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Company”), a
designer and manufacturer that sells precision motion control
products and solutions to the global market, announced that its
Board of Directors, at its meeting today, approved a quarterly cash
dividend payment of $0.03 per share. The dividend will be payable
on November 28, 2018 to stockholders of record as of the close of
business on November 15, 2018. Allied Motion has approximately 9.5
million shares of its common stock outstanding.
About Allied Motion Technologies Inc.
Allied Motion (Nasdaq: AMOT) designs, manufactures and sells
precision and specialty motion control components and systems used
in a broad range of industries within our major served markets,
which include Vehicle, Medical, Aerospace & Defense, and
Industrial. The Company is headquartered in Amherst, NY, has global
operations and sells into markets across the United States, Canada,
South America, Europe and Asia.
Allied Motion is focused on motion control 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, and other associated motion
control-related products.
The Company’s growth strategy is focused on becoming the motion
solution leader in its selected target markets by leveraging its
“technology/know how” to develop integrated precision motion
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 http://www.alliedmotion.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20181031005672/en/
Company:Allied Motion Technologies Inc.Sue Chiarmonte,
716-242-8634
x602sue.chiarmonte@alliedmotion.comorInvestors:Kei Advisors
LLCDeborah K. Pawlowski, 716-843-3908dpawlowski@keiadvisors.com
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