Baldor Electric Company Announces 1st Quarter 2007 Dividend and Notice of Annual Shareholders' Meeting
FORT SMITH, Ark., Feb. 27: Baldor Electric Company (NYSE:BEZ) markets, designs, and manufactures industrial electric motors, power transmission products, drives, and generators and is based in Fort Smith, Arkansas. Baldor made the following announcements after the Company's Board of Directors' meeting on February 26, 2007.
Cash Dividend ... The Board of Directors declared a regular quarterly cash dividend of $0.17 per share on the Company's common stock. The cash dividend is payable on March 30, 2007, to shareholders of record on March 9, 2007.
Notice of Annual Shareholders' Meeting ... The Board established April 2, 2007, as the record date for voting at the Annual Shareholders' Meeting. The meeting is scheduled for 10:30 am (CDT) on Saturday, May 19, 2007 and will be held at the Fort Smith Convention Center in Fort Smith, Arkansas.
Next update ... The Company will make a presentation at the Sidoti & Company Emerging Growth Institutional Investor Forum on March 27, 2007, in New York at 10:25 a.m. (EST). The Company will also make a presentation at the Better Investing Milwaukee Chapter Investor Fair on March 24, 2007, in Milwaukee, Wisconsin.
Source: Baldor Electric Company
CONTACT: John A. McFarland, Chairman & CEO, or Ronald E. Tucker, President, COO & Secretary, or Tracy L. Long, VP Investor Relations & Asst Secretary, all of Baldor Electric Company, +1-479-646-4711, or fax,
+1-479-648-5752
Web site: http://www.baldor.com/
