Applied Industrial Technologies Declares Quarterly Dividend and Announces Annual Meeting Date

Rhea-AI Summary

Applied Industrial Technologies (NYSE: AIT) has declared a quarterly cash dividend of $0.37 per common share, payable on August 30, 2024, to shareholders of record as of August 15, 2024. Additionally, the company will hold its Annual Meeting of Shareholders on October 22, 2024, at its Corporate Headquarters in Cleveland, Ohio. Shareholders of record as of August 26, 2024, will be entitled to notice of and voting rights at the meeting.

Positive

• Declared quarterly cash dividend of $0.37 per common share.
• Dividend payable on August 30, 2024.

Negative

• None.

CLEVELAND--(BUSINESS WIRE)-- Applied Industrial Technologies (NYSE: AIT) announced today that its Board of Directors declared a quarterly cash dividend of $0.37 per common share. The dividend will be payable on August 30, 2024, to shareholders of record on August 15, 2024.

The Company also announced that its Annual Meeting of Shareholders will be held at 9:00 a.m. EDT, Tuesday, October 22, 2024, at its Corporate Headquarters, 1 Applied Plaza (E. 36^th & Euclid Avenue), Cleveland, Ohio. August 26, 2024, is the record date for determining shareholders entitled to notice of and to vote at the Annual Meeting.

About Applied^®
Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise. For more information, visit www.applied.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240628597604/en/

Ryan D. Cieslak

Director – Investor Relations & Treasury

216-426-4887 / rcieslak@applied.com

Source: Applied Industrial Technologies, Inc.

FAQ

What is the dividend amount declared by Applied Industrial Technologies (AIT)?

The company declared a quarterly cash dividend of $0.37 per common share.

When is the dividend payment date for Applied Industrial Technologies (AIT)?

The dividend will be payable on August 30, 2024.

What is the record date for the dividend declared by Applied Industrial Technologies (AIT)?

The record date for the dividend is August 15, 2024.

When and where is Applied Industrial Technologies' (AIT) Annual Meeting of Shareholders?

The Annual Meeting will be held on October 22, 2024, at 1 Applied Plaza, Cleveland, Ohio.

What is the record date for voting at Applied Industrial Technologies' (AIT) Annual Meeting?

The record date for voting rights at the Annual Meeting is August 26, 2024.