AIT Dividend Dates 2023 ❤️

Company Description

Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore.

It operates through two segments, Service Center Based Distribution, and Fluid Power & Flow Control. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment.

It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies.

In addition, the company provides equipment repair and technical support services. It distributes industrial products through a network of service centers.

The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as to government entities.

Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.

For a company founded more than 50 years ago is considered to be fairly old in the share market. Applied Industrial Technologies has 6,067 employees. For more information about this company, please visit their website.

Analysis

We believe using more recent dividend history can provide better dividend analysis for a company.

The most recent AIT dividend details are as follows:
The dividend will be payable on MAY 31, 2023, to stockholders of record on MAY 15, 2023, with an ex-dividend date of MAY 12, 2023. This dividend is $0.350.
There is no change from the prior dividend.

Based on our analysis, from NOV 13, 2012, AIT pays dividend 43 times.
Total dividend paid so far is $12.59. Average dividend is $0.29.
Maximum dividend is $0.35 while minimum dividend is $0.21.

Dividend Forecast

According to recent data, over last 11 years, AIT pays dividend consistently 43 times. In terms of dividend payment consistency, we rate it ten out of ten, which means the future dividend payment is fairly predictable and reliable. If investors are looking for dividend stocks, this could be one of the good indicators. On the other hand, frequent dividend payment during the year means investors don’t need to wait for too long to get dividend payment. It is good for someone lives on stock dividends as a source of income.

Compared with other stocks

Another way to look at a stock’s dividend is to compare it to a peer company’s dividend. If two stocks are in the same industry and have a similar market capitalisation, then they are considered similar.

Code MarketCap(M) Last Dividend
LOCO 358 $1.500
AIT 3,570 $0.350
ING 35,730 $0.173
BBBY 357 $0.170
CHX 3,570 $0.075
NTCO 3,570 $0.056
SIFY 358 $0.017
DRAY 358 $0.000
LULU 35,790 $0.000

As can be seen from the comparison table above, AIT ranks number two in this group of nine stocks with the latest dividend of $0.350.

Dividend History

Ex-Dividend Date Dividend Payment Date Record Date
12/05/2023 $0.35 31/05/2023 15/05/2023
14/02/2023 $0.35 28/02/2023 15/02/2023
14/11/2022 $0.34 30/11/2022 15/11/2022
12/08/2022 $0.34 31/08/2022 15/08/2022
13/05/2022 $0.34 31/05/2022 16/05/2022
14/02/2022 $0.34 28/02/2022 15/02/2022
12/11/2021 $0.33 30/11/2021 15/11/2021
13/08/2021 $0.33 31/08/2021 16/08/2021
13/05/2021 $0.33 28/05/2021 14/05/2021
12/02/2021 $0.33 26/02/2021 16/02/2021
13/11/2020 $0.32 30/11/2020 16/11/2020
13/08/2020 $0.32 31/08/2020 14/08/2020
14/05/2020 $0.32 29/05/2020 15/05/2020
13/02/2020 $0.32 28/02/2020 14/02/2020
14/11/2019 $0.31 29/11/2019 15/11/2019
14/08/2019 $0.31 30/08/2019 15/08/2019
14/05/2019 $0.31 31/05/2019 15/05/2019
14/02/2019 $0.31 28/02/2019 15/02/2019
14/11/2018 $0.3 30/11/2018 15/11/2018
14/08/2018 $0.3 31/08/2018 15/08/2018
14/05/2018 $0.3 31/05/2018 15/05/2018
14/02/2018 $0.3 28/02/2018 15/02/2018
14/11/2017 $0.29 30/11/2017 15/11/2017
11/08/2017 $0.29 31/08/2017 15/08/2017
11/05/2017 $0.29 31/05/2017 15/05/2017

AIT Dividend Growth Chart

A picture is better than thousands of words. The following chart shows you AIT dividend growth over the years.