By Colin Kellaher
Applied Industrial Technologies' board has raised the company's quarterly dividend by 24%, to 46 cents from 37 cents.
The new payout, equal to $1.84 a year, represents an annual yield of about 0.73% based on Tuesday's closing price of $252.22, up from 0.59%.
The Cleveland maker and distributer of industrial parts and products on Wednesday said the increased dividend is payable Feb. 28 to shareholders of record Feb. 15.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 29, 2025 06:40 ET (11:40 GMT)
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