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BALDOR ELECTRIC ANNOUNCES THIRD QUARTER DIVIDEND AND MANAGEMENT CHANGES

BALDOR ELECTRIC ANNOUNCES THIRD QUARTER DIVIDEND AND MANAGEMENT CHANGES
 FORT SMITH, Ark., Aug. 11 /PRNewswire/ -- The Board of Directors of Baldor Electric Company (NYSE: BEZ) at their meeting on Monday, Aug. 10, 1992, declared a regular quarterly dividend of $0.13 per share on the Company's common stock. The cash dividend is payable on September 30, 1992, to stockholders of record on September 10, 1992.
 The directors also elected Lloyd Davis, Secretary and Director of Information Services of Baldor Electric Company, to the additional positions of Vice President of Finance and Treasurer. He replaces Gregory Kowert who resigned in May to become President and Chief Operating Officer of Baldor/Europe.
 Davis has been with the Company since 1977. He is a graduate of the University of Missouri and was formerly associated with the accounting firm of KPMG Peat Marwick.
 R.S. Boreham, Jr., Chairman and CEO of Baldor, said, "We are very pleased with the promotion of Lloyd Davis and his expertness in finance and information services, along with his innovative ideas, will make him an important member of the Baldor team."
 -0- 8/11/92
 /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 PER


BN-BR -- AT007 -- 9018 08/11/92 13:54 EDT
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Publication:PR Newswire
Date:Aug 11, 1992
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