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

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Thursday, August 21st will be given a dividend of 0.03 per share on Thursday, September 4th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, August 21st.

Allient has a dividend payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 2.4%

NASDAQ:ALNT opened at $44.56 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.17 and a current ratio of 3.74. Allient has a one year low of $16.91 and a one year high of $48.22. The business’s 50-day simple moving average is $38.61 and its 200 day simple moving average is $29.84. The stock has a market cap of $755.29 million, a price-to-earnings ratio of 51.81 and a beta of 1.52.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Allient had a return on equity of 9.97% and a net margin of 2.75%. The business had revenue of $139.58 million during the quarter, compared to the consensus estimate of $132.89 million. As a group, sell-side analysts predict that Allient will post 1.43 earnings per share 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.