Altra Industrial Motion Corp. Announces First Quarter 2023 Dividend
02 Febbraio 2023 - 12:03AM
Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global
manufacturer and supplier of motion control, power transmission and
automation products, today announced that its Board of Directors
has approved the payment of a quarterly cash dividend of $0.09 per
share for the first quarter of 2023. The first quarter 2023
dividend is the forty-fourth consecutive dividend in the Company’s
history. The dividend will be paid on April 4, 2023 to shareholders
of record as of the close of business on March 16, 2023. Future
declarations of quarterly cash dividends are subject to approval by
the Board of Directors and to the Board's continuing determination
that the declaration of dividends is in the best interests of
Altra's shareholders and is in compliance with all laws and
agreements of Altra applicable to the declaration and payment of
cash dividends. Future dividends may be further adjusted at the
Board’s discretion based on market conditions and capital
availability.
About Altra Industrial Motion Corp.
Altra Industrial Motion Corp. is a premier industrial global
manufacturer and supplier of highly engineered motion control,
automation and power transmission systems and components. Altra's
portfolio consists of 26 well-respected brands including Bauer Gear
Motor, Boston Gear, Kollmorgen, Portescap, Stromag, Svendborg
Brakes, TB Wood's, Thomson and Warner Electric. Headquartered in
Braintree, Massachusetts, Altra has over 9,000 employees and 46
production facilities in 17 countries around the world.
All statements, other than statements of historical fact
included in this release are forward-looking statements, as that
term is defined in the Private Securities Litigation Reform Act of
1995. These statements include, but are not limited to, any
statement that may predict, forecast, indicate or imply future
results, performance, achievements or events. Forward-looking
statements can generally be identified by phrases such as
“believes,” “expects,” “potential,” “continues,” “may,” “should,”
“seeks,” “predicts,” “anticipates,” “intends,” “projects,”
“estimates,” “plans,” “could,” “designed”, “should be,” and other
similar expressions that denote expectations of future or
conditional events rather than statements of fact. Forward-looking
statements also may relate to strategies, plans and objectives for,
and potential results of, future operations, financial results,
financial condition, business prospects, growth strategy and
liquidity, and are based upon financial data, market assumptions
and management's current business plans and beliefs or current
estimates of future results or trends available only as of the time
the statements are made, which may become out of date or
incomplete. Forward looking statements are inherently uncertain,
and investors must recognize that events could differ significantly
from our expectations. These statements include, but may not be
limited to, the payment and maintenance of a quarterly
dividend.
AIMC-G
Contacts: Altra Investor
Relations
781-917-0600
Email: ir@altramotion.com
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