Barnes Group declares regular quarterly dividend; Annual rate up 10 percent over 1994.BRISTOL, Conn.--(BUSINESS WIRE)--Nov. 17, 1995--Directors of Barnes Group Inc. (NYSE NYSE See: New York Stock Exchange :B) today declared a regular cash dividend of 40 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 1995, payable Dec. 8, 1995, to stockholders of record Nov. 30, 1995. The company had 6,590,822 shares outstanding as of the date of declaration. The total annual dividend for 1995 will be $1.60 per share, up 10 percent over the annual dividend of $1.45 in 1994. Barnes Group, a $600-million diversified international company based in Bristol, Conn., is a leader in manufacturing precision springs and complex components for automotive, aerospace and other durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. industries, and a major distributor of consumable A material that is used up and needs continuous replenishment, such as paper and toner. "The low-tech end of the high-tech field!" parts and supplies to the maintenance, repair and operating supplies (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. ) market. -0- Quarterly Dividends Paid 1st 2nd 3rd 4th Total
1995 $.40 $.40 $.40 $.40 $1.60
1994 $.35 $.35 $.35 $.40 $1.45
CONTACT: Barnes Group Inc. J.E. Besser or J.F. Sand Jr. 860/583-7070 |
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