Applied Industrial Technologies (NYSE:
AIT) Chairman & Chief Executive Officer David L. Pugh today announced that the Company's Board of Directors raised the Company's quarterly cash dividend by $0.02 declaring a quarterly dividend of $0.19 per common share, payable on May 31, 2011, to shareholders of record on May 16, 2011.
This dividend represents a 12 percent increase over the previous regular quarterly dividend of $0.17 per share.
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