Looking at the universe of stocks we cover at Dividend Channel, on 5/13/13, Applied Industrial Technologies, Inc. (NYSE: AIT) will trade ex-dividend, for its quarterly dividend of $0.23, payable on 5/31/13. As a percentage of AIT's recent stock price of $45.51, this dividend works out to approximately 0.51%, so look for shares of Applied Industrial Technologies, Inc. to trade 0.51% lower — all else being equal — when AIT shares open for trading on 5/13/13.
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Below is a dividend history chart for AIT, showing historical dividends prior to the most recent $0.23 declared by Applied Industrial Technologies, Inc.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AIT is likely to continue, and whether the current estimated yield of 2.02% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of AIT shares, versus its 200 day moving average:
Looking at the chart above, AIT's low point in its 52 week range is $34.44 per share, with $45.67 as the 52 week high point — that compares with a last trade of $45.51.
According to the ETF Finder at ETF Channel, AIT makes up 2.20% of the S&P SmallCap Industrials Portfolio ETF (NASD: PSCI)which is trading relatively unchanged on the day Thursday.
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In Thursday trading, Applied Industrial Technologies, Inc. shares are currently up about 0.3% on the day.
