BRISTOL, Conn.--(BUSINESS WIRE)-- The Board of Directors of Barnes Group Inc. (NYSE: B) today increased the Company’s quarterly cash dividend fourteen percent to $0.16 per share of common stock. The dividend will be payable June 8, 2018 to shareholders of record at the close of business on May 25, 2018. This increase raises the annual dividend from $0.56 per share to $0.64 per share.
“The declaration of this dividend increase reflects the continuing solid financial performance of Barnes Group (B) and the Board’s confidence in our future growth and cash generation,” said Patrick J. Dempsey, President and Chief Executive Officer, Barnes Group Inc. “The Company’s focus of delivering value through disciplined organic investment and strategic acquisitions remains unchanged, and the increased dividend allows us to share that value creation with our shareholders.”
ABOUT BARNES GROUP
Barnes Group Inc. (NYSE: B) is a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, serving a wide range of end markets and customers. Its specialized products and services are used in far-reaching applications including aerospace, transportation, manufacturing, healthcare, and packaging. Barnes Group’s skilled and dedicated employees around the globe are committed to the highest performance standards and achieving consistent, sustainable profitable growth. For more information, visit www.BGInc.com.
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Barnes Group Inc.
Director, Investor Relations
Source: Barnes Group Inc.Copyright Business Wire 2018