Applied Industrial Technologies (NYSE: AIT) declared a quarterly dividend of $0.30 per share, or $1.2 annualized. This is a 3.4% increase from the prior dividend of $0.29.

The dividend will be payable on February 28, 2018, to stockholders of record on February 15, 2018, with an ex-dividend date of February 14, 2018.

The annual yield on the dividend is 1.7 percent.

Mr. Schrimsher concluded, “We continue to strengthen our differentiated industrial distribution capabilities, including our critical core products offering, expanding value-added services, leadership in engineered fluid power solutions, growing geographic reach, and channels to market. Applied is well-positioned as the technical MRO distribution leader, and we are committed to generating profitable growth and enhancing value for all our stakeholders.”

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