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BALDOR ELECTRIC ANNOUNCES DIVIDEND INCREASE AND COMMON STOCK REPURCHASE

 BALDOR ELECTRIC ANNOUNCES DIVIDEND INCREASE
 AND COMMON STOCK REPURCHASE
 FORT SMITH, Ark., May 4 /PRNewswire/ -- At its meeting on May 2, the board of directors of Baldor Electric Company (NYSE: BEZ) increased the regular quarterly cash dividend from $0.12 per share to $0.13 per share, payable on June 30 to shareholders of record on June 12.
 R.S. Boreham Jr., chairman and CEO, stated, "This is the first dividend increase in two years and the board of directors felt that our strong financial condition and liquidity ratios warranted this action."
 The directors also authorized the company to purchase up to 300,000 shares of its common stock between now and Dec. 31, 1993. The purchase will be made to meet requirements of stock options and other employee benefit plans. The purchase program, which will encompass both open market and negotiated transactions, will be implemented from time to time depending on the company's needs, market conditions and other factors.
 Boreham added: "We are especially pleased that Fred C. Ballman, former chairman and CEO of Baldor, has accepted my nomination and has been re-elected to our board of directors after an absence of 10 years. He retired in 1982 from active participation in the company. Fred's knowledge of Baldor and the industrial electric motor industry is legendary."
 -0- 5/4/92
 /CONTACT: R.S. Boreham Jr., chairman and CEO, or R.L. Qualls, president and COO of Baldor Electric, 501-646-4711/
 (BEZ) CO: Baldor Electric Company ST: Arkansas IN: SU: DIV OFR PER


BN-BR -- AT004 -- 5919 05/04/92 10:12 EDT
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Publication:PR Newswire
Date:May 4, 1992
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