CLEVELAND, Jan. 21 /PRNewswire-FirstCall/ -- Applied Industrial Technologies (NYSE: AIT) Chairman & Chief Executive Officer David L. Pugh today announced that the Company's Board of Directors has declared a quarterly cash dividend of $0.15 per common share, payable on February 27, 2009, to shareholders of record on February 13, 2009.

Applied will announce its fiscal 2009 second quarter earnings on the morning of Monday, January 26 and will also host its conference call for investors and analysts at 10 a.m. ET that same day. The call will be conducted by Chairman & CEO Dave Pugh, President & COO Ben Mondics and Vice President & CFO Mark Eisele. To join the call, dial

1-800-447-0521 (for US/Canada callers) or 1-847-413-3238 (for International callers) prior to the scheduled start using conference ID 23496389. A live audio webcast can be accessed online at www.Applied.com. A replay of the teleconference will be available for two weeks by dialing 1-888-843-8996 using conference ID 23496389.

With more than 475 facilities and 5,200 employee associates across North America, Applied Industrial Technologies is an industrial distributor that offers more than 3 million parts critical to the operations of MRO and OEM customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. For its fiscal year ended June 30, 2008, Applied posted sales of $2.1 billion. Applied can be visited on the Internet at http://www.applied.com.

SOURCE Applied Industrial Technologies