Allient Inc. (ALNT) To Go Ex-Dividend on May 21st

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Thursday, May 21st will be given a dividend of 0.04 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 33.3% increase from Allient’s previous quarterly dividend of $0.03.

Allient has raised its dividend payment by an average of 0.1%per year 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 $2.94 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 5.4%.

Allient Stock Down 0.7%

ALNT opened at $60.93 on Tuesday. Allient has a fifty-two week low of $29.57 and a fifty-two week high of $80.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73. The company has a fifty day moving average of $66.46 and a two-hundred day moving average of $61.22. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 42.61 and a beta of 1.65.

Allient (NASDAQ:ALNT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Allient had a net margin of 4.25% and a return on equity of 12.47%. The firm had revenue of $138.92 million during the quarter, compared to analysts’ expectations of $138.42 million. On average, research 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.