Applied Industrial Technologies Declares Quarterly Dividend and Announces Annual Meeting Date

Rhea-AI Summary

The Board of Directors of Applied Industrial Technologies (NYSE: AIT) has announced a quarterly cash dividend of $0.34 per common share. This dividend is payable on August 31, 2022, to shareholders on record as of August 15, 2022. Additionally, the company's Annual Meeting of Shareholders is scheduled for 9:00 a.m. EDT, on October 25, 2022, at its Corporate Headquarters in Cleveland, Ohio. The record date for voting eligibility is August 26, 2022.

Positive

• Quarterly cash dividend of $0.34 per share announced.
• Dividend payable on August 31, 2022, indicating ongoing shareholder returns.
• Annual Meeting on October 25, 2022, promotes shareholder engagement.

Negative

• None.

CLEVELAND--(BUSINESS WIRE)-- Applied Industrial Technologies (NYSE: AIT) Board of Directors has declared a quarterly cash dividend of $0.34 per common share, payable on August 31, 2022, to shareholders of record on August 15, 2022.

The Company also announced that its Annual Meeting of Shareholders will be held at 9:00 a.m. EDT, Tuesday, October 25, 2022, at its Corporate Headquarters, 1 Applied Plaza (E. 36^th & Euclid Avenue), Cleveland, Ohio. August 26, 2022, 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/20220623005255/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 AIT?

Applied Industrial Technologies declared a dividend of $0.34 per common share.

When is the AIT dividend payable?

The AIT dividend is payable on August 31, 2022.

What is the record date for AIT's dividend?

The record date for the dividend is August 15, 2022.

When will the Annual Meeting of AIT's shareholders take place?

The Annual Meeting will be held on October 25, 2022.

What is the record date for voting at AIT's Annual Meeting?

The record date for voting at the Annual Meeting is August 26, 2022.