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Applied Industrial Technologies (Applied Industrial Technologies) 3-Year Dividend Growth Rate

: 3.10% (As of Dec. 2023)
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Applied Industrial Technologies's Dividends per Share for the three months ended in Dec. 2023 was $0.35.

The historical rank and industry rank for Applied Industrial Technologies's 3-Year Dividend Growth Rate or its related term are showing as below:

AIT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1   Med: 8   Max: 31.1
Current: 3.1

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Applied Industrial Technologies was 31.10% per year. The lowest was 1.00% per year. And the median was 8.00% per year.

AIT's 3-Year Dividend Growth Rate is ranked worse than
79.1% of 67 companies
in the Industrial Distribution industry
Industry Median: 11.5 vs AIT: 3.10

During the past 12 months, Applied Industrial Technologies's average Dividends Per Share Growth Rate was 2.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Applied Industrial Technologies's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.16. As of today, Applied Industrial Technologies's Dividend Yield % is 0.77%.

Warning Sign:

Applied Industrial Technologies Inc stock dividend yield is close to 10-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Industrial Distribution subindustry, Applied Industrial Technologies's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Applied Industrial Technologies 3-Year Dividend Growth Rate Distribution

For the Industrial Distribution industry and Industrials sector, Applied Industrial Technologies's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Applied Industrial Technologies's 3-Year Dividend Growth Rate falls into.



Applied Industrial Technologies 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Applied Industrial Technologies  (NYSE:AIT) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Applied Industrial Technologies's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.35/ 2.24
=0.16

During the past 13 years, the highest Dividend Payout Ratio of Applied Industrial Technologies was 0.63. The lowest was 0.15. And the median was 0.33.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Applied Industrial Technologies Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3702024-02-142024-02-152024-02-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.3502023-11-142023-11-152023-11-30Cash DividendquarterlyUSD:USD 1.000000
USD 0.3502023-08-142023-08-152023-08-31Cash DividendquarterlyUSD:USD 1.000000
USD 0.3502023-05-122023-05-152023-05-31Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Applied Industrial Technologies's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.42/183.28
=0.77 %

Current Share Price is $183.28.
Applied Industrial Technologies's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.42.

During the past 13 years, the highest Dividend Yield of Applied Industrial Technologies was 3.52%. The lowest was 0.71%. And the median was 1.84%.

Warning Sign:

Applied Industrial Technologies Inc stock dividend yield is close to 10-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Applied Industrial Technologies 3-Year Dividend Growth Rate Related Terms>


Applied Industrial Technologies (Applied Industrial Technologies) Business Description

Traded in Other Exchanges
Address
1 Applied Plaza, Cleveland, OH, USA, 44115
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. Fluid products include hydraulic, pneumatic, lubrication, and filtration systems and components. Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand.
Executives
Neil A Schrimsher director, officer: President and CEO ONE APPLIED PLAZA, CLEVELAND OH 44115
Peter C Wallace director C/O ROBBINS & MYERS, INC., 51 PLUM STREET, SUITE 260, DAYTON OH 45440
Hoffner Warren E Iii officer: VP-General Mgr, Fluid Power ONE APPLIED PLAZA, CLEVELAND OH 44115
Kurt W. Loring officer: VP-Chief HR Officer ONE APPLIED PLAZA, CLEVELAND OH 44115
Mary Dean Hall director 4920 O'HEAR AVENUE, SUITE 400, NORTH CHARLESTON SC 29405
Jon S Ploetz officer: VP-General Counsel & Secretary ONE APPLIED PLAZA, CLEVELAND OH 44115
Fred D Bauer officer: VP-General Counsel & Secretary ONE APPLIED PLZ, CLEVELAND OH 44115-5056
Vincent K Petrella director
Shelly Marie Chadwick director 6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Christopher Macey other: Corporate Controller 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Peter A Dorsman director
Jason W Vasquez officer: VP-Sales & Marketing-USSC ONE APPLIED PLAZA, CLEVELAND OH 44115
Jerry Sue Thornton director C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Madhuri A Andrews director 2525 STEMMONS FRWY, DALLAS TX 75207
Green Edith Kelly director 3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118