Altra Industrial Motion Corp to Issue Quarterly Dividend of $0.17 (AIMC)

Altra Industrial Motion Corp (NASDAQ:AIMC) declared a quarterly dividend on Tuesday, February 13th, Zacks reports. Stockholders of record on Monday, March 19th will be given a dividend of 0.17 per share by the industrial products company on Tuesday, April 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, March 16th.

Altra Industrial Motion (NASDAQ:AIMC) opened at $45.80 on Wednesday. The stock has a market capitalization of $1,355.45, a price-to-earnings ratio of 32.48 and a beta of 1.61. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69. Altra Industrial Motion has a one year low of $35.20 and a one year high of $53.70.

In related news, VP Craig Schuele sold 3,315 shares of Altra Industrial Motion stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total transaction of $165,750.00. Following the completion of the sale, the vice president now owns 67,886 shares in the company, valued at approximately $3,394,300. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

Several research analysts have recently issued reports on AIMC shares. Zacks Investment Research downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Robert W. Baird reaffirmed a “neutral” rating on shares of Altra Industrial Motion in a research note on Monday, October 23rd. BidaskClub cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Finally, ValuEngine cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $49.40.

WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/02/14/altra-industrial-motion-corp-to-issue-quarterly-dividend-of-0-17-aimc.html.

About Altra Industrial Motion

Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It manufactures a range of couplings suitable for various industrial and specialty applications.

Dividend History for Altra Industrial Motion (NASDAQ:AIMC)

Receive News & Ratings for Altra Industrial Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply