Allied Motion Increases Quarterly Cash Dividend 20%
03 Mayo 2023 - 3:15PM
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 approved a quarterly
cash dividend payment of $0.03 per share, up 20% from the previous
rate of $0.025 per share. The dividend will be payable on June 1,
2023 to stockholders of record as of the close of business on May
18, 2023.
Dick Warzala, Chairman and CEO, commented, “This dividend
increase reflects our confidence in our strategy, strong financial
position and positive long-term view of the markets we serve.”
About Allied Motion Technologies Inc.
Allied Motion (Nasdaq: AMOT) designs, manufactures and sells
precision and specialty-controlled motion products and solutions
that are used in a broad range of applications within the
Industrial, Vehicle, Medical, and Aerospace & Defense 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, light-weighting technologies, and other
controlled motion-related products.
The Company’s growth strategy is focused on becoming a leading
global controlled motion solution provider in its selected target
markets by further developing its products and services platform to
utilize multiple Allied Motion technologies which create increased
value solutions for its customers. The Company routinely posts news
and other important information on its website at
www.alliedmotion.com.
Safe Harbor Statement
The statements in this news release that relate to future plans,
events or performance are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate, or imply future
results, performance, or achievements. Examples of forward-looking
statements include, among others, statements the Company makes
regarding expected operating results, anticipated levels of capital
expenditures, the Company’s belief that it has sufficient liquidity
to fund its business operations, and expectations with respect to
the conversion of backlog to sales. Forward-looking statements are
neither historical facts nor assurances of future performance.
Instead, they are based only on the Company’s current beliefs,
expectations and assumptions regarding the future of the Company’s
business, future plans and strategies, projections, anticipated
events and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of the
Company’s control. The Company’s actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, general economic and business conditions,
conditions affecting the industries served by the Company and its
subsidiaries, conditions affecting the Company's customers and
suppliers, competitor responses to the Company's products and
services, the overall market acceptance of such products and
services, the pace of bookings relative to shipments, the ability
to expand into new markets and geographic regions, the success in
acquiring new business, the impact of changes in income tax rates
or policies, the severity, magnitude and duration of the COVID-19
pandemic, including impacts of the pandemic and of businesses’ and
governments’ responses to the pandemic on our operations and
personnel, and on commercial activity and demand across our and our
customers’ businesses, and on global supply chains; our inability
to predict the extent to which the COVID-19 pandemic and related
impacts will continue to adversely impact our business operations,
financial performance, results of operations, financial position,
the prices of our securities and the achievement of our strategic
objectives, the ability to attract and retain qualified personnel,
the ability to successfully integrate an acquired business into our
business model without substantial costs, delays, or problems, and
other factors disclosed in the Company's periodic reports filed
with the Securities and Exchange Commission. Any forward-looking
statement speaks only as of the date on which it is made. New risks
and uncertainties arise over time, and it is not possible for us to
predict the occurrence of those matters or the manner in which they
may affect us. The Company has no obligation or intent to release
publicly any revisions to any forward looking statements, whether
as a result of new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230503005795/en/
Investor Contacts: Deborah K. Pawlowski / Craig P.
Mychajluk Kei Advisors LLC 716-843-3908 / 716-843-3832
dpawlowski@keiadvisors.com / cmychajluk@keiadvisors.com
Allied Motion Technologies (NASDAQ:AMOT)
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