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BEARINGS, INC. DECLARES DIVIDEND AND ANNOUNCES ANNUAL MEETING

 BEARINGS, INC. DECLARES DIVIDEND AND ANNOUNCES ANNUAL MEETING
 CLEVELAND, July 17 /PRNewswire/ -- Bearings, Inc. (NYSE: BER) chairman and chief executive officer John C. Dannemiller announced today that the board of directors declared a regular quarterly dividend of $.16 per common share payable August 28, 1992, to shareholders of record at the close of business on August 14, 1992.
 Dannemiller also announced that the directors called the annual meeting of shareholders of Bearings, Inc. for 1:30 p.m. October 20, 1992, at the University Club, 3818 Euclid Avenue, Cleveland. September 1, 1992, is the record date for determining shareholders entitled to notice of and to vote at the annual meeting.
 Bearings, Inc. is the nation's leading independent distributor of replacement bearings and power transmission components with more than 320 branches in 37 states.
 -0- 7/17/92
 /CONTACT: Raymond E. Smiley, vice president-treasurer and chief financial officer of Bearings, Inc., 216-881-8900, ext. 253/
 (BER) CO: Bearings, Inc. ST: Ohio IN: MAC SU: DIV


BM -- CL019 -- 0329 07/17/92 14:59 EDT
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Publication:PR Newswire
Date:Jul 17, 1992
Words:172
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