Barnes Group Declares Regular Quarterly Dividend; Annual Rate Up 8.5 Percent Over 1996.BRISTOL Bristol, cities, United States Bristol. 1 Industrial city (1990 pop. 60,640), Hartford co., central Conn., on the Pequabuck River; settled 1727, inc. 1785. Its clock-making industry dates from 1790. , Conn.--(BUSINESS WIRE)--Oct. 17, 1997--Directors of Barnes Group Inc. today declared a regular cash dividend of 16.7 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on its common stock for the fourth quarter of 1997, payable Dec. 10, 1997, to stockholders of record Dec. 1, 1997. The company had 20,250,750 shares outstanding as of the date of declaration. (Per share data and average shares outstanding have been adjusted for the 3-for-1 stock split effective April, 1997). The total annual dividend for 1997 will be 65.1 cents per share, up 8.5 percent over the annual dividend of 60.0 cents per share in 1996. Barnes Group Inc. (NYSE NYSE See: New York Stock Exchange :B), a $650-million diversified diversified (di·verˑ·s international company based in Bristol, Conn, is a leading manufacturer of precision springs and complex metal components for industrial, automotive and aerospace markets, and a major distributor of maintenance, repair and replacement MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. products to industrial and transportation markets.
Quarterly Dividends (a) 1st 2nd 3rd 4th Total
1997 $0.150 $0.167 $0.167 $0.167 $0.651
1996 $0.150 $0.150 $0.150 $0.150 $0.600
(a) Adjusted for the 3-for-1 stock split, effective April, 1997.
(For additional information on Barnes Group, please call our Fax On-Demand Service at 1-800-311-4606. For company press releases on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the : http://www.businesswire.com/cnn .) CONTACT: Barnes Group Inc. J.F. Sand, 860/583-7070 |
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