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|Barnes Group Inc. Declares Quarterly Dividend|
BRISTOL, Conn.--(BUSINESS WIRE)--April 16, 2003--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 June 10, 2003, to shareholders of record at the close of business on May 30, 2003.
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 2002 sales of $784 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 assemblies and products for commercial and military aircraft engines and airframes and land-based industrial gas turbines; and Barnes Distribution, an international, full service distributor of maintenance, repair and operating supplies. Over 6,200 dedicated employees at more than 60 locations worldwide contribute to Barnes Group Inc.'s success.
CONTACT: Barnes Group Inc. Investor Relations Phillip J. Penn, 860/973-2126 or Corporate Communications Stephen J. McKelvey, 860/973-2132 SOURCE: Barnes Group Inc.