Regal Rexnord Corporation Declares Quarterly Dividend of $.33 per share.
Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.33 per share during its Board of Directors meeting on October 26, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.33 per share during its Board of Directors meeting on October 26, 2021. This dividend is payable on January 14, 2022, to shareholders on record by December 31, 2021. The company has maintained a consistent dividend payout since January 1961, highlighting its commitment to shareholder returns. Regal Rexnord is a leader in industrial powertrain solutions and operates four main segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.
Positive
- Declared a quarterly dividend of $0.33 per share, indicating strong cash flow.
- Dividend is consistent with a long history of quarterly payments since January 1961, showcasing company reliability.
- Active operations in four segments, indicating diversified revenue streams.
Negative
- None.
Details
News Market Reaction – RRX
The recorded move for RRX in the trading session of this news was -1.08%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BELOIT, Wis., Oct. 26, 2021 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on October 26, 2021, declared a dividend of
Regal Rexnord Corporation is a global leader in the engineering and manufacturing of industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electronics, serving customers throughout the world. Through longstanding technology leadership and an intentional focus on producing the most energy-efficient products and systems, Regal Rexnord helps create a better tomorrow – for its customers and for the planet. Regal Rexnord is comprised of four operating segments: Motion Control Solutions, Climate Solutions, Commercial Systems and Industrial Systems. Regal Rexnord is headquartered in Beloit, Wisconsin and has manufacturing, sales, and service facilities worldwide. For more information, visit RegalRexnord.com.
View original content:https://www.prnewswire.com/news-releases/regal-rexnord-corporation-declares-quarterly-dividend-of-33-per-share-301409155.html
SOURCE Regal Rexnord Corporation
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