Applied Industrial Stock To Go Ex-dividend Monday (AIT)
The ex-dividend date for Applied Industrial Technologies (NYSE:AIT) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $40.76 as of 9:30 a.m., the dividend yield is 2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Applied Industrial Technologies (NYSE: AIT) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $40.76 as of 9:30 a.m. ET, the dividend yield is 2%. The average volume for Applied Industrial has been 254,700 shares per day over the past 30 days. Applied Industrial has a market cap of $1.67 billion and is part of the services sector and wholesale industry. Shares are up 16.6% year to date as of the close of trading on Thursday. Applied Industrial Technologies, Inc. distributes industrial products for maintenance, repair, and operational needs of machinery and equipment in the United States, Canada, and Mexico. The company has a P/E ratio of 17.2, above the average wholesale industry P/E ratio of 16.8 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Applied Industrial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Applied Industrial Ratings Report. See our dividend calendar or top-yielding stocks list.