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.

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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)

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