Applied Industrial Technologies Increases Dividend 11%

Applied Industrial Technologies

Chief Executive Officer Neil A. Schrimsher today announced that the Company's Board of Directors raised the Company's quarterly cash dividend by $0.02 declaring a quarterly dividend of $0.21 per common share, payable on February 29, 2012, to shareholders of record on February 15, 2012. This cash dividend represents an 11 percent increase over the previous regular quarterly dividend of $0.19 per share.