Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share.

Rhea-AI Summary

On January 23, 2023, Regal Rexnord Corporation (NYSE: RRX) declared a $0.35 quarterly dividend, payable on April 14, 2023, to shareholders of record by March 31, 2023. This marks a continuous dividend payment since January 1961. Regal Rexnord, a leader in industrial powertrain solutions and energy-efficient technologies, operates across four segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems. Headquartered in Beloit, Wisconsin, the company focuses on sustainable practices that benefit both customers and the environment.

Positive

• Quarterly dividend of $0.35 per share enhances shareholder income.
• Consistent dividend payments since January 1961 reflect strong financial stability.

Negative

• None.

News Market Reaction – RRX

-1.75%

1 alert

-1.75% News Effect

On the day this news was published, RRX declined 1.75%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BELOIT, Wisc., Jan. 23, 2023 /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 January 23, 2023, declared a dividend of $0.35 per share. The dividend is payable on April 14, 2023, to shareholders of record at the close of business on March 31, 2023. The company has paid a dividend every quarter since January 1961.

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 electrical components and systems, serving customers throughout the world. Through longstanding technology leadership and an intentional focus on producing more 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.

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SOURCE Regal Rexnord Corporation

FAQ

What is the dividend amount declared by Regal Rexnord Corporation?

Regal Rexnord Corporation declared a dividend of $0.35 per share.

When is the payment date for the dividend?

The dividend is payable on April 14, 2023.

What is the record date for the dividend?

The record date for the dividend is March 31, 2023.

How long has Regal Rexnord been paying dividends?

Regal Rexnord has been paying dividends every quarter since January 1961.