Printer Friendly

BALDOR ELECTRIC REPORTS DIVIDEND INCREASE AND BOARD OF DIRECTORS' ELECTION RESULTS

 FORT SMITH, Ark., May 4 /PRNewswire/ -- At its meeting on May 1, the board of directors of Baldor Electric Company (NYSE: BEZ) increased the regular quarterly cash dividend from $0.095 per share to $0.10 per share, payable on June 30 to shareholders of record on June 11.
 R.L. Qualls, president and CEO, stated, "The board of directors felt the dividend increase was warranted in view of Baldor's strong financial condition and improving operating performance."
 R.S. Boreham Jr., chairman of the board, added: "We are happy to announce that Jefferson W. Asher Jr. and Willis J. Wheat have been re- elected to the board. We are also pleased that Robert J. Messey, who is the CFO of Sverdrup Corporation in St. Louis and is knowledgeable and experienced in our industry, has been elected to our board of directors, replacing Darryl R. Francis who has retired after serving the company well for 15 years."
 -0- 5/4/93
 /CONTACT: R.S. Boreham Jr., chairman of the board and chairman of the executive committee, or R.L. Qualls, president and chief executive officer of Baldor Electric, 501-646-4711/
 (BEZ)


CO: Baldor Electric Company ST: Arkansas IN: SU: DIV PER

BR-BN -- AT003 -- 4245 05/04/93 10:49 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 4, 1993
Words:208
Previous Article:VALUE MERCHANTS INC. REPORTS FISCAL '92 RESULTS; COMMENTS ON FISCAL 1993 PLANS
Next Article:APPOINT INTRODUCES NEW PRODUCT -- THE MOUSE THAT LOOKS LIKE A CRAYON AND WORKS LIKE A MOUSE
Topics:


Related Articles
BALDOR ELECTRIC ANNOUNCES FIRST QUARTER 1994 DIVIDEND AND ANNUAL MEETING RECORD DATE
Baldor Electric Announces Dividend Increase for 1st Quarter 1999, Annual Meeting Record Date, and Management Announcements.
Baldor Electric Company Announces 2nd Quarter 1999 Dividend and Annual Meeting Highlights.
Baldor Announces 3rd Quarter 1999 Dividend and Stock Repurchase Program Authorized.
Baldor Announces 4th Quarter 1999 Dividend Increase and Management Promotions.
Baldor Electric Company Announces 1st Quarter 2000 Dividend, Annual Meeting Record Date, and Stock Repurchase Program Authorized.
Baldor 3rd Quarter 2000 Dividend Increase.
Baldor Announces 4th Quarter 2000 Dividend and Management Promotions.
Baldor Declares 3rd Quarter 2001 Dividend.
Baldor Announces 4th Quarter 2001 Dividend, Management Promotions, and Share Repurchase Program.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters