Allied
Motion Technologies Inc. (Nasdaq: AMOT) (“Company”), a designer and
manufacturer that sells precision and specialty controlled motion
products and solutions to the global market, announced that its Board of
Directors, at its meeting today, approved a quarterly cash dividend
payment of $0.03 per share. The dividend will be payable on May 29, 2019
to stockholders of record as of the close of business on May 16, 2019.
Allied Motion has approximately 9.6 million shares of its common stock
outstanding.
About Allied Motion Technologies Inc.
Allied Motion (Nasdaq: AMOT) 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. 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 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.
The Company’s growth strategy is focused on being the controlled motion
solutions leader in its selected target markets by leveraging its
“technology/know how” to develop integrated precision 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/.
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