Allied Motion Technologies, Inc. (NASDAQ:AMOT) will begin trading ex-dividend on November 17, 2020. The quarterly dividend payment of $ 0.03 per share is scheduled to be paid on December 2, 2020. The dividend yield based on the latest trading day closing price was 0.30 percent. Shareholders who purchased AMOT shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Allied Motion Technologies, Inc. recently reported third quarter financial results on November 4, 2020, after market close, seller of precision and specialty motion control components announced income for the third quarter of $ 0.42 per share, from the revenue of $ 94.65 million. The quarterly earnings declined 10.64 percent while revenues lowered 2.05 percent compared with the same quarter last year.
According to street consensus, AMOT was expected to report 3Q20 income of $ 0.28 per share from revenue of $ 89.96 million. The bottom line results beat street analysts by $ 0.14 or 50.00 percent, at the same time, top line results outshined analysts by $ 4.69 million or 5.21 percent.
Stock Performance
On Friday, shares of Allied Motion Technologies, Inc. has traded high as $ 41.27 and has cracked $ 40.24 on the downward trend, reaching $ 40.45 with volume of 10.20 thousand shares.
According to the previous trading day, closing price of $ 40.45, representing a 112.68 % increase from the 52 week low of $ 19.00 and a 19.15 % decrease over the 52 week high of $ 49.98.
The company has a market capital of $ 394.70 million and is part of the Technology sector and Electronic Components industry.
Allied Motion Technologies, Inc. designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.
