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Applied board boosts dividend 13 percent

Tue, 07/20/2010 - 7:45am
The Associated Press

Industrial parts distributor Applied Industrial Technologies Inc. said Tuesday its board of directors raised the quarterly dividend 13 percent to 17 cents.

The company said the dividend is payable Aug. 31 to shareholders of record as of Aug. 16.

Shares of Applied Industrial rose 9 cents to $26.05 in morning trading.

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