Regal Beloit Corporation Declares Quarterly Dividend of $.33 per share

(Neutral)

Rhea-AI Summary

Regal Beloit Corporation (NYSE: RBC) announced a dividend of $0.33 per share, declared on July 26, 2021, during the Board of Directors' quarterly meeting. The dividend is set for payment on October 15, 2021, to shareholders of record by October 1, 2021. Regal has consistently paid dividends since January 1961. As a leader in manufacturing electric motors and controls, Regal aims to develop energy-efficient products and solutions across its four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions.

Positive

Regal has a long-standing history of dividend payments since January 1961.
The declared dividend of $0.33 per share reflects the company's continual commitment to returning value to shareholders.

Negative

None.

News Market Reaction – RBC

+0.04%

+0.04% Session move

In the trading session that priced this news, RBC gained 0.04%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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07/26/2021 - 04:15 PM

BELOIT, Wis., July 26, 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 July 26, 2021, declared a dividend of $0.33 per share. The dividend is payable on October 15, 2021, to shareholders of record at the close of business on October 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:https://www.prnewswire.com/news-releases/regal-beloit-corporation-declares-quarterly-dividend-of-33-per-share-301341382.html

SOURCE Regal Beloit Corporation

FAQ

What is the dividend amount declared by Regal Beloit Corporation for July 2021?

Regal Beloit Corporation declared a dividend of $0.33 per share.

When is the dividend payment date for Regal Beloit Corporation?

The dividend is payable on October 15, 2021.

What is the record date for shareholders to receive the dividend from Regal?

The record date for shareholders to receive the dividend is October 1, 2021.

How long has Regal Beloit Corporation been paying dividends?

Regal Beloit Corporation has been paying dividends since January 1961.