Applied Industrial Tech (AIT) Declares $0.19 Quarterly Dividend; 2.3% Yield; Authorizes 1.5M Common Buyback
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Applied Industrial Technologies, Inc. (NYSE: AIT) declared a quarterly dividend of $0.19 per share, or $0.76 annualized.
The dividend will be payable on November 30, 2011, to stockholders of record on November 15, 2011, with an ex-dividend date of November 11, 2011.
The annual yield on the dividend is 2.3 percent.
Additionally, Applied's Board of Directors today authorized the company to repurchase up to 1,500,000 shares of the company's common stock.
The dividend will be payable on November 30, 2011, to stockholders of record on November 15, 2011, with an ex-dividend date of November 11, 2011.
The annual yield on the dividend is 2.3 percent.
Additionally, Applied's Board of Directors today authorized the company to repurchase up to 1,500,000 shares of the company's common stock.
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