Baldor announces dividend, sets annual meeting date
by March 3, 2010 9:36 am 43 views
Fort Smith-Baldor Electric Co. has announced a quarterly dividend of 17 cents per share payable April 7 to shareholders of record on Mar. 17.
The company also set its annual shareholders’ meeting for 10:30 a.m., May 1 at the Fort Smith Convention Center.
The global manufacturing company reported Feb. 4 that its 2009 net income reached $59.796 million, compared to $99.423 million in 2008. Total sales in 2009 were $1.524 billion, compared to $1.954 billion in 2008.
Baldor, a maker, designer and marketer of industrial electric motors, motor drives, power transmissions and generators, posted sales in 2009 of $1.52 billion. The company employs between 7,000 and 7.500 in 26 plants in five countries and sales offices serving more than 80 countries. About 2,000 are employed in the Fort Smith area.