Baldor Electric Company Announces 1st Quarter 2008 Dividend and Notice of Annual Shareholders' Meeting
FORT SMITH, Ark., Feb. 26 -- 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 25, 2008.
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 31, 2008, to shareholders of record on March 10, 2008.
Notice of Annual Shareholders' Meeting ... The Board established March 10, 2008, as the record date for voting at the Annual Shareholders' Meeting. The meeting is scheduled for 10:30 am (CDT) on Saturday, April 26, 2008 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 25, 2008, in New York City. The Company will also make a presentation at the Better Investing Raleigh Chapter Investor Fair on March 1, 2008, in Raleigh, North Carolina.
Source: Baldor Electric Company
CONTACT: John McFarland, Chairman & CEO, or Ron Tucker, President & COO, or Tracy Long, Vice President Investor Relations, all of Baldor Electric Company, +1-479-648-5769, Fax, +1-479-648-5701, Investorinfo@baldor.com
Web site: http://www.baldor.com/
