Applied Industrial Technologies Increases Dividend by 12% to $0.19

Applied Industrial Technologies 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.