updated 11/16/2010 9:46:23 AM ET 2010-11-16T14:46:23

FORT SMITH, Ark., Nov. 16, 2010 (GLOBE NEWSWIRE) -- Baldor Electric Company (NYSE:BEZ) markets, designs and manufactures industrial electric motors, mechanical power transmission products, drives and generators. Baldor made the following announcement today after the recent Board of Directors meeting. 

Cash Dividend . . .  The Board of Directors declared a cash dividend of $0.17 per share on the Company's common stock payable on December 30, 2010, to shareholders of record on December 17, 2010. The Board chose to make this payment during 2010 rather than in January 2011 due to the uncertainty of future tax rates on dividend income.

Upcoming Events . . .  During the remainder of the quarter, the Company will participate in the following conferences:

  •     RBC Capital Markets Transportation and Industrials Conference on December 1, 2010 in Miami
  •     Gabelli Best Ideas Conference on December 2, 2010 in New York

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