Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Allied Motion’s common stock is listed on the Nasdaq Global Market System and trades under the symbol AMOT. The number of holders of record as reported by the Company’s transfer agent of the Company’s common stock as of the close of business on March 7, 2023 was 226.
Dividends
During 2022 and 2021, we declared regular quarterly cash dividends on our common stock. We paid $0.025 in each quarter of 2022. We paid $0.02 in the first quarter of 2021 and $0.025 per quarter for the remainder of 2021 . While it is our current intention to pay regular quarterly cash dividends, any decision to pay future cash dividends will be made by our Board and will depend on our earnings, financial condition and other factors.
Performance Graph
The following performance graph and tables reflect the five year change in the Company’s cumulative total stockholder return on Common Stock as compared with the cumulative total return of the NASDAQ Stock Market Index and the S&P Electrical Components and Equipment Index for a $100 investment made on December 31, 2017, including reinvestment of any dividends.
12/31/2017
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
Allied Motion Technologies
$
100.00
$
135.39
$
147.40
$
155.82
$
167.34
$
160.14
NASDAQ (U.S.)
$
100.00
$
97.16
$
132.81
$
192.47
$
235.15
$
158.65
S&P Electrical Components & Equipment
$
100.00
$
85.84
$
118.91
$
143.57
$
188.59
$
163.48
Peer Group
$
100.00
$
91.22
$
108.53
$
132.50
$
153.88
$
130.04
The above performance graph is a transitional graph as the Company transitions from the S&P Electrical Components & Equipment index to a Peer Group which includes the following stocks: LSI Industries, Moog, Inc., Onto Innovation, Preformed Line, Proto Labs, Inc., Helios Tech Inc., Thermon Group, Altra Industrial Motion, Astronics Corporation, Aeroenvironment, Columbus McKinnon, Franklin Electric, and Novanta, Inc. The Company believes this Peer Group is a closer representation of our industries and market capitalization.
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Issuer Purchases of Equity Securities
Total Number of Shares
Maximum Number of Shares
Number of Shares
Average Price Paid
Purchased as Part of Publicly
that May Yet Be Purchased
Period
Purchased (1)
per Share
Announced Plans or Programs
Under the Plans or Programs
10/01/22 to 10/31/22
—
$
—
—
—
11/01/22 to 11/30/22
—
—
—
—
12/01/22 to 12/31/22
8,500
35.22
—
—
Total
8,500
$
35.22
—
—
(1) As permitted under the Company’s equity compensation plan, these shares were withheld by the Company to satisfy tax withholding obligations for employees in connection with the vesting of stock. Shares withheld for tax withholding obligations do not affect the total number of shares available for repurchase under any approved common stock repurchase plan. At December 31, 2022, the Company did not have an authorized stock repurchase plan in place .
Item 6. [Reserved]
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.