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BEARINGS, INC. DECLARES DIVIDEND AND ANNOUNCES ANNUAL MEETING

 CLEVELAND, July 22 /PRNewswire/ -- Bearings, Inc. (NYSE: BER) Chairman & Chief Executive Officer John C. Dannemiller announced today that the board of directors declared a regular quarterly cash dividend of $.16 per common share payable Aug. 31, 1993, to shareholders of record at the close of business on Aug. 16, 1993.
 Dannemiller also announced that the directors called the annual meeting of shareholders of Bearings, Inc. for 1:30 p.m. Tuesday, Oct. 19, 1993, at the University Club, 3818 Euclid Ave., Cleveland. September 1, 1993, is the record date for determining shareholders entitled to notice of and to vote at the annual meeting.
 Bearings, Inc., with more than 320 branches in 37 states, is one of the nation's leading independent distributors of replacement bearings, power transmission components, industrial rubber products, fluid power products and general industrial maintenance products.
 -0- 7/22/93
 /CONTACT: John R. Whitten, vice president - finance & treasurer of Bearings, Inc., 216-881-8900, ext. 245/
 (BER)


CO: Bearings, Inc. ST: Ohio IN: MAC SU: DIV

AR -- CL033 -- 4661 07/22/93 14:37 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:175
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