Allient Inc. (ALNT) To Go Ex-Dividend on August 19th

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.04 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 0.1%. 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 payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Equities 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

ALNT opened at $111.21 on Friday. The company has a 50-day moving average of $90.50 and a 200-day moving average of $74.46. The company has a market capitalization of $1.89 billion, a P/E ratio of 65.42 and a beta of 1.61. Allient has a 1-year low of $39.37 and a 1-year high of $113.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.19. Allient had a net margin of 4.98% and a return on equity of 13.69%. The business had revenue of $153.77 million for the quarter, compared to analyst estimates of $145.68 million. Equities analysts expect that Allient will post 2.47 EPS for the current fiscal 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.