Applied Industrial Technologies Board Approved 6% Increase In The Quarterly Cash Dividend To $0.37/Share
Portfolio Pulse from Benzinga Newsdesk
Applied Industrial Technologies' Board has approved a 6% increase in the quarterly cash dividend to $0.37 per share, payable on February 29, 2024, to shareholders of record as of February 15, 2024. This marks the 15th dividend increase since 2010.
January 25, 2024 | 11:41 am
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AIT's Board has approved a 6% increase in its quarterly dividend to $0.37 per share, continuing a history of dividend increases.
Dividend increases are typically seen as a sign of a company's financial health and confidence in its future earnings, which can attract income-focused investors and potentially drive the stock price up in the short term.
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