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|Barnes Group Inc. Increases Quarterly Dividend 12 Percent|
BRISTOL, Conn.--(BUSINESS WIRE)--April 19, 2007--The Board of Directors of Barnes Group Inc. (NYSE: B) today increased the Company's quarterly cash dividend 12 percent to 14 cents ($0.14) per share. The dividend will be payable June 11, 2007, to stockholders of record at the close of business on June 1, 2007.
Barnes Group Inc. previously paid a cash dividend at the annual rate of 50 cents ($0.50) per share. The increase raises the dividend on an annualized basis to 56 cents ($0.56) per share.
Barnes Group Inc. and its predecessor companies have paid a cash dividend to stockholders on a continuous basis since 1934.
Celebrating its 150th anniversary in 2007, Barnes Group Inc. (NYSE:B) is an international aerospace and industrial components manufacturing and distribution company focused on achieving consistent, sustainable and predictable results. Founded in 1857, Barnes Group consists of three businesses: Barnes Distribution, Associated Spring and Barnes Aerospace. Over 6,600 dedicated employees at more than 65 locations worldwide contribute to Barnes Group Inc.'s success. For more information, visit www.barnesgroupinc.com.
CONTACT: Barnes Group Inc.