Applied Industrial Technologies Board of Directors Declares Dividend

Apr 19, 2001, 01:00 ET from Applied Industrial Technologies

    CLEVELAND, April 19 /PRNewswire/ -- Applied Industrial Technologies
 (NYSE:   AIT) Chairman and Chief Executive Officer, David L. Pugh announced
 today that the Company's Board of Directors declared a quarterly cash dividend
 of $.12 per common share, payable on May 31, 2001 to shareholders of record on
 May 15, 2001.
     With more than 470 facilities and 4800 employee-associates across North
 America, Applied Industrial Technologies offers more than 2 million parts
 critical to the operations of MRO and OEM customers in virtually every
 industry.  In addition, Applied provides engineering, design, and systems
 integration for industrial and fluid power applications, as well as customized
 mechanical, fabricated rubber and fluid power shop services.  For its fiscal
 year ended June 30, 2000, the company recorded sales of $1.6 billion.  Applied
 can be visited on the Internet at www.appliedindustrial.com .
 
 

SOURCE Applied Industrial Technologies
    CLEVELAND, April 19 /PRNewswire/ -- Applied Industrial Technologies
 (NYSE:   AIT) Chairman and Chief Executive Officer, David L. Pugh announced
 today that the Company's Board of Directors declared a quarterly cash dividend
 of $.12 per common share, payable on May 31, 2001 to shareholders of record on
 May 15, 2001.
     With more than 470 facilities and 4800 employee-associates across North
 America, Applied Industrial Technologies offers more than 2 million parts
 critical to the operations of MRO and OEM customers in virtually every
 industry.  In addition, Applied provides engineering, design, and systems
 integration for industrial and fluid power applications, as well as customized
 mechanical, fabricated rubber and fluid power shop services.  For its fiscal
 year ended June 30, 2000, the company recorded sales of $1.6 billion.  Applied
 can be visited on the Internet at www.appliedindustrial.com .
 
 SOURCE  Applied Industrial Technologies

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