BRISTOL, Conn., Oct 9, 2002 (BUSINESS WIRE) -- The Board of Directors of Barnes
Group Inc. (NYSE: B) today declared a quarterly cash dividend of 20 cents
($0.20) per share. The dividend will be payable December 10, 2002, to
shareholders of record at the close of business on November 29, 2002.
Barnes Group Inc. and its predecessor companies have paid cash dividends to
shareholders on a continuous basis since 1934.
Barnes Group Inc. (www.barnesgroupinc.com) is a diversified international
manufacturer of precision metal parts and distributor of industrial supplies,
serving a wide range of markets and customers. Founded in 1857 and headquartered
in Bristol, Connecticut, Barnes Group consists of three businesses with 2001
sales of $769 million: Associated Spring, one of the world's largest
manufacturers of precision mechanical and nitrogen gas springs; Barnes
Aerospace, a manufacturer and repairer of highly engineered aircraft engine and
airframe components and assemblies; and Barnes Distribution, an international
distributor of maintenance, repair and operating supplies. Nearly 5,400
dedicated employees at more than 50 locations worldwide contribute to Barnes
Group Inc.'s success.
CONTACT: Barnes Group Inc.
Phillip J. Penn, 860/973-2126
or
Barnes Group Inc.
Stephen J. McKelvey, 860/973-2132
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