Allied Motion Declares Quarterly Cash Dividend
August 05 2020 - 4:15PM
Business Wire
Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion”
or the “Company”), a designer and manufacturer that sells precision
and specialty controlled motion 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 September 2, 2020 to
stockholders of record as of the close of business on August 20,
2020. Allied Motion has approximately 9.7 million shares of its
common stock 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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200805005820/en/
Investor Contact: Deborah K. Pawlowski Kei Advisors LLC
716-843-3908 dpawlowski@keiadvisors.com
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