Baldor announces dividend, promotion
by February 23, 2009 4:52 pm 55 views
Fort Smith-based Baldor Electric Co. announced Monday (Feb. 23) a quarterly cash dividend of 17 cents per share, payable March 31 to shareholders of record on March 10.
The company also promoted R. Wayne Thurman to executive vice president-engineering. Thurman, a 20-year veteran with the company, is now responsible for all of Baldor’s engineering work.
An annual shareholder’s meeting is scheduled to begin at 10:30 a.m., May 2, at the Fort Smith Convention Center.
Baldor shares (NYSE: BEZ) closed Monday at $12.20, down 37 cents. During the past 52 weeks, the share price has ranged from a $39.90 high to a $10.71 low.