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Applied Industrial Technologies Declares Quarterly Dividend

Tue. July 21, 2009; Posted: 10:17 AM
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CLEVELAND, July 21, 2009 /PRNewswire-FirstCall via COMTEX/ -- AIT | Quote | Chart | News | PowerRating -- Applied Industrial Technologies (NYSE: AIT | Quote | Chart | News | PowerRating) Chairman & Chief Executive Officer David L. Pugh today announced that the Company's Board of Directors has declared a quarterly cash dividend of $0.15 per common share, payable on August 31, 2009, to shareholders of record on August 14, 2009.

Applied will announce its fourth quarter and year-end results on the morning of Friday, August 7, 2009, and will also host its conference call for investors and analysts at 1 p.m. ET that same day. To join the call, dial 1-800-446-2782 or 1-847-413-3235 (for International callers) using passcode 24990347. The call will be conducted by Chairman & CEO David L. Pugh, President & COO Ben J. Mondics, and CFO Mark O. Eisele. The call will also be webcast and can be accessed live online at http://www.applied.com and will be archived there for 14 days. A replay of the teleconference will be available for two weeks at 1-888-843-8996 (passcode 24990347).

Applied will hold its Annual Meeting of Shareholders on Tuesday, October 20, 2009, 10 a.m. ET, at its Corporate Headquarters, 1 Applied Plaza (E. 36th & Euclid Avenue), Cleveland, Ohio. August 24, 2009, is the record date for determining shareholders entitled to notice of and to vote at the Annual Meeting.

With approximately 470 facilities and 5,000 employee associates across North America, Applied Industrial Technologies is an industrial distributor that offers more than 3 million parts critical to the operations of MRO and OEM customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. For its fiscal year ended June 30, 2008, Applied posted sales of $2.1 billion. Applied can be visited on the Internet at http://www.applied.com.

SOURCE Applied Industrial Technologies

http://www.applied.com
For full details on Applied Industrial Tech (AIT) click here. Applied Industrial Tech (AIT) has Short Term PowerRatings of 6. Details on Applied Industrial Tech (AIT) Short Term PowerRatings is available at This Link.

    


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