Regal Beloit Corporation Announces Dividend

Regal Beloit Corporation (NYSE: RBC) announced a quarterly dividend of $0.30 per share on January 25, 2021, payable on April 16, 2021, to shareholders of record by April 1, 2021.

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Rhea-AI Summary

Regal Beloit Corporation (NYSE: RBC) announced a quarterly dividend of $0.30 per share on January 25, 2021, payable on April 16, 2021, to shareholders of record by April 1, 2021. This dividend declaration marks the company's ongoing commitment to returning value to shareholders, as Regal has consistently paid dividends since January 1961. Regal Beloit is a leader in the engineering and manufacturing of energy-efficient electric motors and power solutions across various global markets.

Positive

Quarterly dividend of $0.30 enhances shareholder income.
Long history of consistent dividend payments since January 1961.

Negative

None.

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01/25/2021 - 04:15 PM EST

BELOIT, Wis., Jan. 25, 2021 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Beloit Corporation (NYSE: RBC), announced that the Board of Directors, at its regular quarterly meeting held on January 25, 2021, declared a dividend of $0.30 per share. The dividend is payable on April 16, 2021, to shareholders of record at the close of business on April 1, 2021. The company has paid a dividend every quarter since January 1961.

Regal Beloit Corporation is a global leader in the engineering and manufacturing of electric motors and controls, power generation solutions, and power transmission products serving customers throughout the world. We create a better tomorrow by developing and responsibly producing energy-efficient products and systems.

Our company is comprised of four operating segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin and has manufacturing, sales and service facilities worldwide. For more information, visit RegalBeloit.com.

View original content:http://www.prnewswire.com/news-releases/regal-beloit-corporation-announces-dividend-301214410.html

SOURCE Regal Beloit Corporation

FAQ

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What is the dividend amount declared by Regal Beloit Corporation?

The dividend amount declared is $0.30 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 16, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is April 1, 2021.

How long has Regal Beloit Corporation been paying dividends?

Regal Beloit Corporation has been paying dividends since January 1961.

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Regal Beloit Corporation Announces Dividend