Our analysis is based on comparing Allied Motion Technologies, Inc. with the following peers – Servotronics, Inc., Transcat, Inc., Generac Holdings Inc., Regal Beloit Corp, UQM Technologies, Inc., Rexnord Corporation, Altra Industrial Motion Corp., Nidec Corporation Sponsored ADR and PositiveID Corporation (SVT-US, TRNS-US, GNRC-US, RBC-US, UQM-US, RXN-US, AIMC-US, NJDCY-US and PSID-US).
Allied Motion Technologies, Inc.’s dividend yield is 0.39 percent and its dividend payout is 10.64 percent. This compares to a peer average dividend yield of 1.33 percent and a payout level of 19.74 percent. This relatively lagging dividend performance could spur some dividend action going forward – as long as the company’s relatively strong dividend quality score of 83 out of a possible score of 100 looks sustainable.
Dividend Quality Overview
- Over the last twelve months (prior to September 30, 2017), AMOT-US paid a high quality dividend, which represents a yield of 0.31% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 2 were high quality, 2 were medium quality and 1 was low quality.
- The ending cash balance, with a dividend coverage of 18.51x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
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Over the last twelve months (prior to September 30, 2017), AMOT-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 20.66x), investing cash flow (coverage of -6.17x), issuance cash flow (coverage of -8.54x) and twelve-month prior cash (coverage of 13.19x), for a total dividend coverage of 19.51x.
AMOT-US’s issuance cash flow includes outflows from net debt repayment (coverage of -8.40x).
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||1.47||0.77||0.44||0.38||0.47||0.39|
|Dividend Payout (%)||15.87||22.22||6.62||8.33||10||10.64|
A complete list of metrics and analysis is available on the company page.
Allied Motion Technologies, Inc. engages in the provision of motion control products, marketed to original equipment manufacturers and end users. The company’s activities include designing, manufacturing and selling of motors, electronic motion controls, gearing and optical encoders. It offers its products in the field of automotive, medical, aerospace and defense, as well as in electronics and industrial. The company’s products include brush and brushless DC motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, incremental and absolute optical encoders, and associated motion control-related products. Allied Motion Technologies was founded in 1962 and is headquartered in Amherst, NY.
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