Regal Beloit Corporation Announces Dividend

On July 27, 2020, Regal Beloit Corporation (NYSE: RBC) declared a quarterly dividend of $0.30 per share, payable on October 9, 2020, to shareholders of record by September 25, 2020.

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Rhea-AI Summary

On July 27, 2020, Regal Beloit Corporation (NYSE: RBC) declared a quarterly dividend of $0.30 per share, payable on October 9, 2020, to shareholders of record by September 25, 2020. This marks the continuation of their commitment to returning value to shareholders, having paid dividends consistently since January 1961. Regal Beloit is a global leader in electric motors and controls, manufacturing power generation and transmission products.

Positive

Quarterly dividend of $0.30 per share declared.
Consistent dividend payments since January 1961 demonstrate stability.

Negative

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07/27/2020 - 04:05 PM EDT

BELOIT, Wis., July 27, 2020 /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 July 27, 2020, declared a dividend of $0.30 per share. The dividend is payable on October 9, 2020, to shareholders of record at the close of business on September 25, 2020. 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-301100499.html

SOURCE Regal Beloit Corporation

FAQ

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What is the dividend amount declared by Regal Beloit Corporation in July 2020?

Regal Beloit Corporation declared a dividend of $0.30 per share.

When is the dividend payable to shareholders?

The dividend is payable on October 9, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is September 25, 2020.

How long has Regal Beloit Corporation been paying dividends?

Regal Beloit Corporation has been paying dividends every quarter since January 1961.

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Regal Beloit Corporation Announces Dividend