Baldor Electric Company Announces 1st Quarter 2010 Dividend and Notice of Annual Shareholders' Meeting

FORT SMITH, Ark., March 2 /PRNewswire-FirstCall/ -- Baldor Electric Company (NYSE: BEZ) markets, designs, and manufactures industrial electric motors, mechanical power transmission products, drives, and generators and is based in Fort Smith, Arkansas. Baldor made the following announcements after the Company's Board of Directors' March 1, 2010, meeting.

Cash Dividend… The Board of Directors declared a regular quarterly cash dividend of $0.17 per share on the Company's common stock.  The cash dividend is payable on April 7, 2010, to shareholders of record on March 17, 2010.

Notice of Annual Shareholders' Meeting… The Board established March 17, 2010, as the record date for voting at the Annual Shareholders' Meeting.  The meeting is scheduled for 10:30 a.m. central time on Saturday, May 1, 2010, and will be held at the Fort Smith Convention Center in Fort Smith, Arkansas.

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SOURCE Baldor Electric Company