Allient Inc. Declares Quarterly Dividend of $0.03 (NASDAQ:ALNT)

Key Points

• Allient Inc. has declared a quarterly dividend of $0.03 per share, with investors of record receiving this payment on September 4th, representing an annual yield of 0.3%.
• The company's payout ratio is 5.4%, indicating that its dividend is well-supported by its earnings, with analysts projecting earnings of $1.83 per share next year.
• Allient's stock has recently traded at $40.11, reflecting a 0.8% increase, and it has a market capitalization of approximately $679.06 million.

Allient Inc. (NASDAQ:ALNT - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Thursday, August 21st will be paid a dividend of 0.03 per share on Thursday, September 4th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, August 21st.

Allient has a payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Allient to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 6.6%.

Allient Trading Down 0.7%

Shares of NASDAQ ALNT traded down $0.28 during trading hours on Friday, hitting $42.00. 259,002 shares of the company traded hands, compared to its average volume of 190,695. The stock has a market capitalization of $711.90 million, a price-to-earnings ratio of 48.84 and a beta of 1.52. The company has a current ratio of 3.74, a quick ratio of 2.17 and a debt-to-equity ratio of 0.70. The company's 50 day moving average price is $37.07 and its 200 day moving average price is $29.04. Allient has a 12 month low of $16.91 and a 12 month high of $48.22.

Allient (NASDAQ:ALNT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. The firm had revenue of $139.58 million for the quarter, compared to the consensus estimate of $132.89 million. Allient had a return on equity of 9.97% and a net margin of 2.75%. On average, equities research analysts anticipate that Allient will post 1.43 earnings per share for the current fiscal year.

About Allient

Allient Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives.