Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced
that the Board of Directors declared a quarterly cash dividend payment
of $.025 per share payable on August 22, 2013 to shareholders of record
on August 12, 2013.
“The dividend, when annualized, represents approximately 21% of net
income achieved for the last twelve months,” commented Dick Warzala,
President and CEO of Allied Motion. “The payment of a cash dividend is
in keeping with management’s commitment to increase shareholder value
and demonstrates our confidence in the future of the company. As stated
previously, the dividend does not affect our growth strategy as we fully
intend to invest in the Company both organically and through
acquisitions in the future.”
Headquartered in Amherst, NY, Allied Motion designs, manufactures and
sells motion control products into applications that serve many industry
sectors. Allied Motion is a leading supplier of precision and specialty
motion control components and systems to a broad spectrum of customers
throughout the world.
The statements in this press 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, and may contain the word “believe,” “anticipate,”
“expect,” “project,” “intend,” “will continue,” “will likely result,”
“should” or words or phrases of similar meaning. Forward-looking
statements involve known and unknown risks and uncertainties that may
cause actual results of the Company to differ materially from the
forward-looking statements. Actual results, events and performance may
differ materially. Readers are cautioned not to place undue reliance on
these forward-looking statements as a prediction of actual results. 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.
Copyright Business Wire 2013