Applied Industrial Technologies Declares Quarterly Dividend

CLEVELAND, July 21, 2011 /PRNewswire-FirstCall/ -- Applied Industrial Technologies (NYSE: AIT) Chairman & Chief Executive Officer David L. Pugh today announced that the Company's Board of Directors has declared a quarterly cash dividend of $0.19 per common share, payable on August 31, 2011, to shareholders of record on August 15, 2011.  

The Company expects to report fiscal 2011 fourth quarter and year-end earnings before market opens on the morning of Tuesday, August 9th, 2011. The company's quarterly conference call for investors and analysts will follow at 11 a.m. ET.

The call will be conducted by Chairman & CEO David L. Pugh, President & COO Benjamin J. Mondics, and Vice President & CFO Mark O. Eisele. To join the call, dial  1-800-774-6070 (for US/Canada callers) or 1-630-691-2753 (for International callers) prior to the scheduled start using passcode 6908413. A live audio webcast can be accessed online at www.Applied.com. A replay of the call will be available for two weeks by dialing 1-888-843-7419 (for US/Canada callers) or 1-630-652-3042 (International) using passcode 6908413.

Applied will hold its Annual Meeting of Shareholders at 10:00 a.m., Tuesday, October 25, 2011, at its Corporate Headquarters, One Applied Plaza (E. 36th & Euclid Avenue), Cleveland, Ohio.  August 29, 2011, is the record date for determining shareholders entitled to notice of and to vote at the Annual Meeting.

With approximately 470 facilities and 4,600 employee associates across North America, Applied Industrial Technologies is an industrial distributor that offers more than 4 million parts critical to the operations of MRO and OEM customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers maintenance training, plus, solutions to meet inventory and storeroom management needs that help provide enhanced value to its customers. For its fiscal year ended June 30, 2010, Applied posted sales of $1.89 billion.  Applied can be visited on the Internet at http://www.applied.com.

SOURCE Applied Industrial Technologies

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