Current Yield
0.60%
TTM Dividend/Share
$1.94
Payment Frequency
Quarterly
Payout Ratio
18.3%
Consecutive Growth Years
17 (Dividend Contender)
Key takeaways
- Dividend Contender — Applied Industrial Technologies (AIT) has raised its dividend for 17 consecutive years.
- Applied Industrial Technologies (AIT) currently yields 0.60%, paying $1.94 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 18.3% — the share of earnings distributed as dividends.
- 8 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 7.53% (growth is accelerating).
Dividend health for Applied Industrial Technologies (AIT)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 8.1% |
FCF payout ratio | 4.4% |
Net debt / EBITDA | 0.3x |
Interest coverage | 42.30x |
ROIC (TTM) | 17.3% |
Dividend safety score for Applied Industrial Technologies (AIT)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
8 of 8 checks passed
Payout ratio below 75%
Payout ratio is 18.3%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $366M — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
17 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 4.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.3x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.5%) ≤ EPS growth (15.8%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
168 payments from 1985 to 2026 · Adj. Dividend is split-adjusted
| Aug 14, 2026 | Aug 31, 2026 | $0.5100 | $0.5100 |
| May 15, 2026 | May 29, 2026 | $0.5100 | $0.5100 |
| Feb 13, 2026 | Feb 27, 2026 | $0.5100 | $0.5100 |
| Nov 14, 2025 | Nov 28, 2025 | $0.4600 | $0.4600 |
| Aug 15, 2025 | Aug 29, 2025 | $0.4600 | $0.4600 |
| May 15, 2025 | May 30, 2025 | $0.4600 | $0.4600 |
| Feb 14, 2025 | Feb 28, 2025 | $0.4600 | $0.4600 |
| Nov 15, 2024 | Nov 29, 2024 | $0.3700 | $0.3700 |
| Aug 15, 2024 | Aug 30, 2024 | $0.3700 | $0.3700 |
| May 14, 2024 | May 31, 2024 | $0.3700 | $0.3700 |
| Feb 14, 2024 | Feb 29, 2024 | $0.3700 | $0.3700 |
| Nov 14, 2023 | Nov 30, 2023 | $0.3500 | $0.3500 |
- Aug 14, 2026$0.5100
- May 15, 2026$0.5100
- Feb 13, 2026$0.5100
- Nov 14, 2025$0.4600
- Aug 15, 2025$0.4600
- May 15, 2025$0.4600
- Feb 14, 2025$0.4600
- Nov 15, 2024$0.3700
- Aug 15, 2024$0.3700
- May 14, 2024$0.3700
- Feb 14, 2024$0.3700
- Nov 14, 2023$0.3500
Historical dividend yield for Applied Industrial Technologies (AIT)
Dividend per share for Applied Industrial Technologies (AIT)
CAGR (per year)1Y: 24.32%5Y: 7.53%10Y: 5.47%↑ Accelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1985 | $0.45 | 4 |
| 1986 | $0.45 | 4 |
| 1987 | $0.36 | 4 |
| 1988 | $0.11 | 5 |
| 1989 | $0.12 | 4 |
| 1990 | $0.13 | 4 |
| 1991 | $0.13 | 4 |
| 1992 | $0.13 | 4 |
| 1993 | $0.13 | 4 |
| 1994 | $0.13 | 4 |
| 1995 | $0.15 | 4 |
| 1996 | $0.17 | 4 |
| 1997 | $0.20 | 4 |
| 1998 | $0.21 | 4 |
| 1999 | $0.21 | 4 |
| 2000 | $0.21 | 4 |
| 2001 | $0.21 | 4 |
| 2002 | $0.21 | 4 |
| 2003 | $0.21 | 4 |
| 2004 | $0.23 | 4 |
| 2005 | $0.34 | 4 |
| 2006 | $0.46 | 4 |
| 2007 | $0.54 | 4 |
| 2008 | $0.60 | 4 |
| 2009 | $0.60 | 4 |
| 2010 | $0.64 | 4 |
| 2011 | $0.74 | 4 |
| 2012 | $0.84 | 4 |
| 2013 | $0.92 | 4 |
| 2014 | $1.00 | 4 |
| 2015 | $1.08 | 4 |
| 2016 | $1.12 | 4 |
| 2017 | $1.16 | 4 |
| 2018 | $1.20 | 4 |
| 2019 | $1.24 | 4 |
| 2020 | $1.28 | 4 |
| 2021 | $1.32 | 4 |
| 2022 | $1.36 | 4 |
| 2023 | $1.40 | 4 |
| 2024 | $1.48 | 4 |
| 2025 | $1.84 | 4 |
| 2026 | $1.53 | 3 |
Dividend growth for Applied Industrial Technologies (AIT)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $1.8400 | — | — |
| 2025 | $1.4800 | $1.8400 | +24.3% |
| 2024 | $1.4000 | $1.4800 | +5.7% |
| 2023 | $1.3600 | $1.4000 | +2.9% |
| 2022 | $1.3200 | $1.3600 | +3.0% |
| 2021 | $1.2800 | $1.3200 | +3.1% |
| 2020 | $1.2400 | $1.2800 | +3.2% |
| 2019 | $1.2000 | $1.2400 | +3.3% |
| 2018 | $1.1600 | $1.2000 | +3.4% |
| 2017 | $1.1200 | $1.1600 | +3.6% |
| 2016 | $1.0800 | $1.1200 | +3.7% |
| 2015 | $1.0000 | $1.0800 | +8.0% |
| 2014 | $0.9200 | $1.0000 | +8.7% |
| 2013 | $0.8400 | $0.9200 | +9.5% |
| 2012 | $0.7400 | $0.8400 | +13.5% |
| 2011 | $0.6385 | $0.7400 | +15.9% |
| 2010 | $0.5970 | $0.6385 | +7.0% |
| 2009 | $0.5970 | $0.5970 | 0.0% |
| 2008 | $0.5373 | $0.5970 | +11.1% |
| 2007 | $0.4577 | $0.5373 | +17.4% |
| 2006 | $0.3383 | $0.4577 | +35.3% |
| 2005 | $0.2311 | $0.3383 | +46.4% |
| 2004 | $0.2133 | $0.2311 | +8.3% |
| 2003 | $0.2133 | $0.2133 | 0.0% |
| 2002 | $0.2133 | $0.2133 | 0.0% |
| 2001 | $0.2133 | $0.2133 | 0.0% |
| 2000 | $0.2133 | $0.2133 | 0.0% |
| 1999 | $0.2133 | $0.2133 | 0.0% |
| 1998 | $0.1956 | $0.2133 | +9.1% |
| 1997 | $0.1719 | $0.1956 | +13.8% |
| 1996 | $0.1481 | $0.1719 | +16.0% |
| 1995 | $0.1304 | $0.1481 | +13.6% |
| 1994 | $0.1264 | $0.1304 | +3.1% |
| 1993 | $0.1264 | $0.1264 | 0.0% |
| 1992 | $0.1264 | $0.1264 | 0.0% |
| 1991 | $0.1264 | $0.1264 | 0.0% |
| 1990 | $0.1212 | $0.1264 | +4.3% |
| 1989 | $0.1067 | $0.1212 | +13.6% |
| 1988 | $0.3561 | $0.1067 | -70.0% |
| 1987 | $0.4455 | $0.3561 | -20.1% |
| 1986 | $0.4455 | $0.4455 | 0.0% |
| 1985 | — | $0.4455 | — |
- 2026—
- 2025$1.8400
- 2024$1.4800
- 2023$1.4000
- 2022$1.3600
- 2021$1.3200
- 2020$1.2800
- 2019$1.2400
- 2018$1.2000
- 2017$1.1600
- 2016$1.1200
- 2015$1.0800
- 2014$1.0000
- 2013$0.9200
- 2012$0.8400
- 2011$0.7400
- 2010$0.6385
- 2009$0.5970
- 2008$0.5970
- 2007$0.5373
- 2006$0.4577
- 2005$0.3383
- 2004$0.2311
- 2003$0.2133
- 2002$0.2133
- 2001$0.2133
- 2000$0.2133
- 1999$0.2133
- 1998$0.2133
- 1997$0.1956
- 1996$0.1719
- 1995$0.1481
- 1994$0.1304
- 1993$0.1264
- 1992$0.1264
- 1991$0.1264
- 1990$0.1264
- 1989$0.1212
- 1988$0.1067
- 1987$0.3561
- 1986$0.4455
- 1985$0.4455
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Applied Industrial Technologies (AIT) Key Financials
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