Applied Industrial Tech (AIT) Raises Quarterly Dividend 10.5% to $0.21; Yields 2.1%

Applied Industrial Tech (NYSE: AIT) declared a quarterly dividend of $0.21 per share, or $0.84 annualized. This is a 10.5% increase from the prior dividend of $0.19.

The dividend will be payable on February 29, 2012, to stockholders of record on February 15, 2012, with an ex-dividend date of February 13, 2012.

The annual yield on the dividend is 2.1 percent.

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