Applied Industrial Technologies Inc. (AIT) Plans Quarterly Dividend of $0.25
Applied Industrial Technologies (NYSE:AIT) declared a quarterly dividend on Thursday, June 19th, AnalystRatingsNetwork reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.25 per share on Friday, August 29th. This represents a $1.00 dividend on an annualized basis and a yield of 2.02%.
Shares of Applied Industrial Technologies (NYSE:AIT) opened at 49.52 on Thursday. Applied Industrial Technologies has a one year low of $45.62 and a one year high of $53.57. The stock’s 50-day moving average is $47.89 and its 200-day moving average is $48.49. The company has a market cap of $2.069 billion and a P/E ratio of 18.02.
Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.76 by $0.04. The company had revenue of $618.00 million for the quarter, compared to the consensus estimate of $217.25 million. During the same quarter last year, the company posted $0.69 earnings per share. Applied Industrial Technologies’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Applied Industrial Technologies will post $2.67 earnings per share for the current fiscal year.
Applied Industrial Technologies, Inc (NYSE:AIT) is an industrial distributor in North America, supplying customers in a range of industries with products, including bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, and general maintenance and mill supply products.
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