BRISTOL, Conn.--(BUSINESS WIRE)--The Board of Directors of Barnes Group Inc. (NYSE: B) today increased the Company’s quarterly cash dividend eight percent to fourteen cents ($0.14) per share of common stock. The dividend will be payable June 9, 2017 to shareholders of record at the close of business on May 25, 2017. On an annualized basis, the increase raises the annual dividend from 52 cents ($0.52) per share to 56 cents ($0.56) per share.
"The successful execution of our growth strategy is delivering improved operational performance and enhanced cash flow," said Patrick J. Dempsey, President and Chief Executive Officer, Barnes Group Inc. “The excellent first quarter financial results, coupled with an improving outlook, allow us to further increase our quarterly dividend.”
Barnes Group Inc. and its predecessor companies have paid a cash dividend to stockholders on a continuous basis since 1934.
ABOUT BARNES GROUP
Founded in 1857, Barnes Group Inc. (NYSE: B) is a global industrial and aerospace manufacturer and service provider, serving a wide range of end markets and customers. The highly engineered products, differentiated industrial technologies, and innovative solutions delivered by Barnes Group are used in far-reaching applications that provide transportation, manufacturing, healthcare products, and technology to the world. Barnes Group’s skilled and dedicated employees around the globe are committed to achieving consistent and sustainable profitable growth. For more information, visit www.BGInc.com.