Baldor Electric Company Announces 3rd Quarter 2008 Dividend

FORT SMITH, Ark., Aug. 5 /PRNewswire-FirstCall/ -- Baldor Electric Company
(NYSE: BEZ) markets, designs, and manufactures industrial electric motors,
power transmission products, drives, and generators and is based in Fort
Smith, Arkansas. Baldor made the following announcement after the Company's
Board of Directors' meeting on August 4, 2008.
Cash Dividend ... The Board of Directors declared a regular quarterly
cash dividend of $0.17 per share on the Company's common stock. The cash
dividend is payable on September 30, 2008, to shareholders of record on
September 9, 2008.
Next update ... The Company is scheduled to make presentations at the
following events:
-- The Hodges Capital Management Investment Forum in Dallas, TX, on
September 4, 2008
-- The Sidoti Institutional Investor Forum in San Francisco, CA on
September 8, 2008
-- The UBS Best of Americas Conference in London, England, on September
11, 2008
-- The Sterne Agee Best Ideas Conference in Milwaukee, WI on September
17, 2008
SOURCE Baldor Electric Company

John McFarland, Chairman & CEO, or Ron Tucker, President & COO, or Tracy Long,
Vice President Investor Relations, all of Baldor Electric Company,
+1-479-648-5769, fax, +1-479-648-5701, Investorinfo@baldor.com