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

Allient Inc. (NASDAQ:ALNT) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, November 18th will be given a dividend of $0.04 per share on Wednesday, December 2nd. This represents a $0.16 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, November 18th.

Allient has increased its dividend payment by an average of 0.1% per year over the last three years. Allient has a payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Allient to earn $3.27 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 4.9%.

Allient Price Performance

Shares of NASDAQ ALNT opened at $79.56 on Thursday. The firm’s 50-day simple moving average is $99.28 and its 200 day simple moving average is $82.72. The stock has a market cap of $1.35 billion, a P/E ratio of 46.80 and a beta of 1.62. Allient has a fifty-two week low of $44.30 and a fifty-two week high of $121.42. The company has a quick ratio of 1.95, a current ratio of 3.42 and a debt-to-equity ratio of 0.56.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.33. Allient had a net margin of 4.98% and a return on equity of 13.55%. The business had revenue of $164.40 million for the quarter, compared to analyst estimates of $154.48 million. Equities analysts expect that Allient will post 2.72 EPS for the current year.

Allient Company Profile

Allient Inc (NASDAQ: ALNT) designs and manufactures precision and engineered products that control motion, power, and electromagnetic energy. Its portfolio includes motors, motion-control systems, electronic controls, power electronics, magnetic components, and related assemblies used in demanding industrial applications.

The company serves customers in markets such as medical equipment, aerospace and defense, industrial automation, robotics, transportation, and other specialized equipment industries.