Applied Industrial Technologies, Inc. Declares Quarterly Cash Dividend, Payable on February 29, 2012
January 25, 2012 at 07:46 am
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Applied Industrial Technologies, Inc. announced that the company's Board of Directors raised the company's quarterly cash dividend by $0.02 declaring a quarterly dividend of $0.21 per common share, payable on February 29, 2012, to shareholders of record on February 15, 2012. This cash dividend represents an 11% increase over the previous regular quarterly dividend of $0.19 per share.
Applied Industrial Technologies, Inc. is a value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The Companyâs segments include Service Center Based Distribution and Engineered Solutions. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Its products include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses. The Engineered Solutions segment includes its operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services.
APPLIED INDUSTRIAL TECHNOLOGIES, INC. 
