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BUFFALO, N.Y. - Allient Inc. (NASDAQ:ALNT), a designer and manufacturer of precision motion, controls and power products, announced Wednesday its Board of Directors has approved a quarterly cash dividend of $0.03 per share. The company has maintained dividend payments for 15 consecutive years and has raised its dividend for 4 consecutive years, according to InvestingPro data.
The dividend will be payable on December 4, 2025, to stockholders of record as of November 20, 2025. The company currently has approximately 17.0 million shares outstanding. With a current dividend yield of 0.22%, Allient's stock has delivered impressive returns, with a 187% price total return over the past year and a 147% increase over the last six months.
Allient develops engineering solutions for various industries including medical, life sciences, aerospace and defense, industrial automation, robotics, semiconductor, transportation, agriculture, construction and facility infrastructure.
The Buffalo, New York-based company employs more than 2,500 people globally, according to the press release statement.
In other recent news, Allient Inc. reported impressive financial results for the second quarter of 2025, surpassing analysts' expectations. The company achieved an earnings per share of $0.57, beating the forecasted $0.48, and generated revenue of $139.6 million, exceeding the projected $132.1 million. In addition to its financial success, Allient announced an expansion of its capabilities to better serve the growing drone market. The company plans to enhance its offerings for unmanned aerial systems by focusing on propulsion motors, electronic speed controllers, gimbals, propellers, and power solutions. Furthermore, JPMorgan initiated coverage of Allient with a Neutral rating and set a price target of $60, suggesting a potential 20% upside. These developments underscore Allient's strategic initiatives and growth in various sectors.
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