Applied Industrial Technologies (NYSE: AIT) declared a quarterly dividend of $0.27 per share, or $1.08 annualized. This is an 8% increase from the prior dividend of $0.25.

The dividend will be payable on February 27, 2015, to stockholders of record on February 13, 2015, with an ex-dividend date of February 11, 2015.

The annual yield on the dividend is 2.7 percent.

For a dividend history and other dividend-related data on Applied Industrial Technologies (AIT) click here.