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Brushless DC Motors Market Report With Industry Trends, Growth, Demand, Top Companies Share, Structure and Scope Forecast to 2025
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Allied Motion Announces Three-for-Two Stock Split and Quarterly Cash Dividend
March 10, 2021 GMT
AMHERST, N.Y. (BUSINESS WIRE) Mar 10, 2021
Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that its Board of Directors, at its meeting today, approved a three-for-two stock split of the Company’s common shares.
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The split will be affected by issuing one additional share of common stock for every two shares of common stock held. The additional shares will be distributed on April 30, 2021 to stockholders of record as of the close of business on April 16, 2021. Fractional share amounts resulting from the split will be paid to shareholders in cash. Allied Motion’s common stock will begin trading on a