Allied Motion Announces Quarterly Cash Dividend
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 June 1, 2017 to stockholders of record as of the close of business on May 18, 2017. Allied
Motion has approximately 9.5 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/.
Company:
Allied Motion Technologies Inc.
Sue Chiarmonte, 716-242-8634 x602
sue.chiarmonte@alliedmotion.com
or
Investors:
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
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