Allient Inc. (ALNT) to Issue Quarterly Dividend of $0.03 on April 3rd

Allient Inc. (NASDAQ:ALNT) declared a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors of record on Thursday, March 20th will be given a dividend of 0.03 per share on Thursday, April 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Thursday, March 20th.

Allient has raised its dividend payment by an average of 4.6% annually over the last three years. Allient has a dividend payout ratio of 5.3% indicating that 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 Stock Performance

Allient stock opened at $25.31 on Friday. The stock has a 50-day simple moving average of $25.30 and a 200 day simple moving average of $22.79. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. Allient has a 12-month low of $16.91 and a 12-month high of $36.33. The stock has a market capitalization of $426.35 million, a price-to-earnings ratio of 28.76 and a beta of 1.61.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $122.01 million during the quarter, compared to analysts’ expectations of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. On average, research analysts anticipate that Allient will post 1.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALNT. Northland Capmk upgraded Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Northland Securities upgraded Allient from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $35.00 in a research report on Tuesday, February 11th.

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.