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

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Thursday, March 5th. Investors of record on Friday, March 20th will be given a dividend of 0.03 per share on Friday, April 3rd. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, March 20th.

Allient has raised its dividend by an average of 0.1%annually over the last three years. 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 Stock Down 2.1%

NASDAQ ALNT opened at $63.09 on Wednesday. The company has a quick ratio of 2.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.60. Allient has a fifty-two week low of $19.25 and a fifty-two week high of $70.00. The business has a 50 day moving average price of $63.57 and a two-hundred day moving average price of $55.36. The stock has a market cap of $1.07 billion, a PE ratio of 47.80 and a beta of 1.51.

Allient (NASDAQ:ALNT) last posted its earnings results on Thursday, March 5th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.09. The business had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $133.33 million. Allient had a net margin of 3.97% and a return on equity of 12.53%. As a group, sell-side analysts predict that Allient will post 1.43 EPS 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.