Allied Motion Technologies hikes dividend by 20% to $0.03 quarterly in 2023

On May 3, 2023, Allied Motion Technologies Inc (AMOT) announced that it will raise its quarterly dividend by 20 percent to $0.03 per share. This follows a 20% dividend hike by AMOT two years ago.

The 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.”

Allied Motion Technologies 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.