Allient Inc. (NASDAQ:ALNT) Plans $0.04 Quarterly Dividend

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.04 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, August 19th.

Allient has raised its dividend by an average of 0.1%annually over the last three years. Allient has a dividend payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allient to earn $3.00 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 5.3%.

Allient Price Performance

Shares of Allient stock opened at $93.25 on Thursday. The firm has a fifty day simple moving average of $89.77 and a 200-day simple moving average of $74.11. The company has a current ratio of 3.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.58. Allient has a 1-year low of $38.24 and a 1-year high of $104.65. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 65.21 and a beta of 1.61.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.19. Allient had a net margin of 4.25% and a return on equity of 12.47%. The business had revenue of $153.77 million during the quarter, compared to the consensus estimate of $145.68 million. On average, sell-side analysts expect that Allient will post 2.47 earnings per share for the current 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.