Applied Industrial Technologies Declares Quarterly Dividend and Announces Annual Meeting Date
June 23 2016 - 6:30AM
Applied Industrial Technologies (NYSE:AIT) President & Chief
Executive Officer Neil A. Schrimsher today announced that the
Company’s Board of Directors has declared a quarterly cash dividend
of $0.28 per common share, payable on August 31, 2016, to
shareholders of record on August 15, 2016.
The Company also announced that its Annual Meeting of
Shareholders will be held at 10:00 a.m., Tuesday, October 25, 2016,
at its Corporate Headquarters, 1 Applied Plaza (E. 36th &
Euclid Avenue), Cleveland, Ohio. August 26, 2016, is the record
date for determining shareholders entitled to notice of and to vote
at the Annual Meeting.
Founded in 1923, Applied Industrial Technologies is a leading
industrial distributor that offers more than five million parts to
serve the needs 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. Applied also offers maintenance training and
inventory management solutions that provide added value to its
customers. For more information, visit www.applied.com.
CONTACT: Mark O. Eisele, Vice President – Chief Financial
Officer, 216-426-4417 or Julie A. Kho, Manager – Public Relations,
216-426-4483.
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