Applied Industrial Technologies, Inc. (NYSE:AIT) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.32 per share is scheduled to be paid on November 30, 2020. The dividend yield based on the latest trading day closing price was 1.79 percent. Shareholders who purchased AIT shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Applied Industrial Technologies, Inc. recently reported first quarter financial results on October 28, 2020, before market open, the Cleveland based company unveiled income for the first quarter of $ 0.89 per share, from the revenue of $ 747.81 million. The quarterly earnings dropped 12.75 percent while revenues decreased 12.68 percent compared with the same quarter last year.
According to street consensus, AIT was expected to report 1Q21 income of $ 0.62 per share from revenue of $ 724.22 million. The bottom line results beat street analysts by $ 0.27 or 43.55 percent, at the same time, top line results outshined analysts by $ 23.59 million or 3.26 percent.
Stock Performance
Shares of Applied Industrial Technologies, Inc. traded low $ -0.20 or -0.28 percent on Wednesday, reaching $ 71.65 with volume of 93.10 thousand shares. Applied Industrial Technologies, Inc. has traded high as $ 71.95 and has cracked $ 70.23 on the downward trend
The closing price of $ 71.65, representing a 134.34 % increase from the 52 week low of $ 30.66 and a 5.37 % decrease over the 52 week high of $ 75.93.
The company has a market capital of $ 2.78 billion and is part of the Industrials sector and Industrial Distribution industry.
Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers.
