Applied Industrial Technologies, Inc. Plans Quarterly Dividend of $0.51 (NYSE:AIT)

Key Points

• Applied Industrial Technologies declared a quarterly dividend of $0.51 per share, payable May 29 to shareholders of record on May 15, implying a yield of about 0.7% (ex-dividend date May 15).
• The company has increased its dividend for 16 consecutive years and has a low payout ratio (~19.2%), with analysts' forecasts implying a future payout ratio near 17.6%, indicating the dividend is well covered by earnings.
• Applied reported Q1 EPS of $2.65 (beat by $0.02) and revenue of $1.25B (+7.3% YoY), gave FY 2026 EPS guidance of $10.64–10.75, and its stock traded up ~1.3% to $302 with a market cap of $11.27B and a P/E of 28.7.

Applied Industrial Technologies, Inc. (NYSE:AIT - Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 15th will be paid a dividend of 0.51 per share by the industrial products company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 15th.

Applied Industrial Technologies has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. Applied Industrial Technologies has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Applied Industrial Technologies to earn $11.61 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 17.6%.

Applied Industrial Technologies Stock Up 1.3%

NYSE:AIT traded up $3.98 during trading hours on Tuesday, reaching $302.08. The company's stock had a trading volume of 591,873 shares, compared to its average volume of 332,221. The company has a market capitalization of $11.27 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.81 and a beta of 0.82. Applied Industrial Technologies has a 12 month low of $213.78 and a 12 month high of $309.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.68. The stock has a 50 day moving average price of $275.36 and a two-hundred day moving average price of $267.17.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Applied Industrial Technologies had a net margin of 8.49% and a return on equity of 21.74%. Applied Industrial Technologies's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 earnings per share. Applied Industrial Technologies has set its Q4 2026 guidance at 2.850-2.960 EPS and its FY 2026 guidance at 10.640-10.750 EPS. Equities analysts predict that Applied Industrial Technologies will post 10.65 EPS for the current fiscal year.

About Applied Industrial Technologies

Applied Industrial Technologies, listed on the New York Stock Exchange under the symbol AIT, is a leading distributor of industrial products and services. The company offers a comprehensive range of bearings, power transmission components, fluid power products, industrial rubber products, and automation solutions. Through its network of distribution centers and branch locations, Applied Industrial Technologies serves diverse end markets including manufacturing, oil and gas, mining, food and beverage, and wastewater treatment.

Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies has grown through a combination of organic expansion and strategic acquisitions.

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