Allied Motion Announces Quarterly Cash Dividend
March 01 2017 - 4:15PM
Allied Motion Technologies Inc. (NASDAQ:AMOT), a global designer
and manufacturer of motion control products and solutions,
announced that its Board of Directors at its meeting today approved
a quarterly cash dividend payment of $0.025 per share. The
dividend will be payable on March 29, 2017 to stockholders of
record as of the close of business on March 16, 2017. Allied
Motion has approximately 9.4 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/Electronics. 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/.
For more information, contact:
Company Contact:
Sue Chiarmonte
Allied Motion Technologies Inc.
Phone: 716-242-8634 x602
Email: sue.chiarmonte@alliedmotion.com
Investor Contact:
Deborah K. Pawlowski
Kei Advisors LLC
Phone: 716-843-3908
Email: dpawlowski@keiadvisors.com
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