Altra Industrial Motion Corp. (NASDAQ:AIMC) will begin trading ex-dividend on September 17, 2020. The 3Q20 dividend payment of $ 0.04 per share is scheduled to be paid on October 2, 2020. The dividend yield based on the latest trading day closing price was 0.41 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Altra Industrial Motion Corp. recently reported first quarter financial results on April 30, 2020, before market open, the Braintree based company outlined income for the first quarter of $ 0.65 per share, from the revenue of $ 434.20 million. The quarterly earnings shrunk 18.75 percent while revenues decreased 9.26 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.47 per share from $ 406.19 million in revenue. The bottom line results beat street analysts by $ 0.18 or 38.30 percent, at the same time, top line results outshined analysts by $ 28.01 million or 6.90 percent.
Stock Performance
Shares of Altra Industrial Motion Corp. traded low $ -0.08 or -0.20 percent on Thursday, reaching $ 39.49 with volume of 247.60 thousand shares. Altra Industrial Motion Corp. has traded high as $ 40.23 and has cracked $ 39.41 on the downward trend
According to the previous trading day, closing price of $ 39.49, representing a 229.75 % increase from the 52 week low of $ 12.00 and a 8.34 % decrease over the 52 week high of $ 43.17.
The company has a market capital of $ 2.55 billion and is part of the Industrial Goods sector and Industrial Electrical Equipment industry.
Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty.
