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

Allient Inc. (NASDAQ:ALNT) announced a quarterly dividend on Thursday, March 5th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date is Friday, March 20th.

Allient has increased its dividend by an average of 0.1%annually over the last three years. Allient has a payout ratio of 5.4% meaning 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 Price Performance

NASDAQ:ALNT opened at $63.09 on Wednesday. The stock’s fifty day moving average is $63.57 and its two-hundred day moving average is $55.36. Allient has a 52 week low of $19.25 and a 52 week high of $70.00. The company has a quick ratio of 2.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.07 billion, a P/E ratio of 47.80 and a beta of 1.51.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.09. Allient had a net margin of 3.97% and a return on equity of 12.53%. The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $133.33 million. Equities analysts expect that Allient will post 1.43 EPS for the current year.

Allient Company Profile

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.