Applied Industrial Technologies Declares Quarterly Dividend and Announces Annual Meeting Date

Rhea-AI Summary

Applied Industrial Technologies declares quarterly cash dividend of $0.35 per common share and announces Annual Meeting of Shareholders.

Positive

• Applied Industrial Technologies declares quarterly cash dividend of $0.35 per common share.
• Annual Meeting of Shareholders scheduled for October 24, 2023.

Negative

• None.

CLEVELAND--(BUSINESS WIRE)-- Applied Industrial Technologies (NYSE: AIT) Board of Directors has declared a quarterly cash dividend of $0.35 per common share, payable on August 31, 2023, to shareholders of record on August 15, 2023.

The Company also announced that its Annual Meeting of Shareholders will be held at 9:00 a.m. EDT, Tuesday, October 24, 2023, at its Corporate Headquarters, 1 Applied Plaza (E. 36^th & Euclid Avenue), Cleveland, Ohio. August 25, 2023, 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/20230623139966/en/

Ryan D. Cieslak

Director – Investor Relations & Treasury

216-426-4887 / rcieslak@applied.com

Source: Applied Industrial Technologies, Inc.

FAQ

What is the dividend declared by Applied Industrial Technologies?

Applied Industrial Technologies has declared a quarterly cash dividend of $0.35 per common share.

When will the dividend be payable?

The dividend will be payable on August 31, 2023.

When is the Annual Meeting of Shareholders?

The Annual Meeting of Shareholders is scheduled for October 24, 2023.

Where will the Annual Meeting of Shareholders be held?

The Annual Meeting of Shareholders will be held at the Corporate Headquarters of Applied Industrial Technologies in Cleveland, Ohio.

What is the record date for determining shareholders entitled to notice of and to vote at the Annual Meeting?

The record date is August 25, 2023.