Barnes Group Inc. Declares Quarterly Dividend
May 05 2017 - 9:40AM
Business Wire
The Board of Directors of Barnes Group Inc. (NYSE: B) today
increased the Company’s quarterly cash dividend eight percent to
fourteen cents ($0.14) per share of common stock. The dividend will
be payable June 9, 2017 to shareholders of record at the close of
business on May 25, 2017. On an annualized basis, the increase
raises the annual dividend from 52 cents ($0.52) per share to 56
cents ($0.56) per share.
"The successful execution of our growth strategy is delivering
improved operational performance and enhanced cash flow," said
Patrick J. Dempsey, President and Chief Executive Officer, Barnes
Group Inc. “The excellent first quarter financial results, coupled
with an improving outlook, allow us to further increase our
quarterly dividend.”
Barnes Group Inc. and its predecessor companies have paid a cash
dividend to stockholders on a continuous basis since 1934.
ABOUT BARNES GROUPFounded in 1857, Barnes Group Inc.
(NYSE: B) is a global industrial and aerospace manufacturer and
service provider, serving a wide range of end markets and
customers. The highly engineered products, differentiated
industrial technologies, and innovative solutions delivered by
Barnes Group are used in far-reaching applications that provide
transportation, manufacturing, healthcare products, and technology
to the world. Barnes Group’s skilled and dedicated employees around
the globe are committed to achieving consistent and sustainable
profitable growth. For more information, visit www.BGInc.com.
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Barnes Group Inc.William PittsDirector, Investor
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