Allied Motion Increases Quarterly Cash Dividend 25%
May 05 2021 - 4:15PM
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, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210505005842/en/
Investor Contact: Deborah K. Pawlowski Kei Advisors LLC
Phone: 716-843-3908 Email: dpawlowski@keiadvisors.com
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