Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share.
On October 28, 2022, Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.35 per share, payable on January 13, 2023.
Sentiment and the balance of points
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Rhea-AI Summary
On October 28, 2022, Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.35 per share, payable on January 13, 2023. Shareholders must be on record by the close of business on December 30, 2022. Regal Rexnord has maintained a consistent dividend payout since January 1961. The company excels in engineering and manufacturing industrial powertrain solutions and energy-efficient systems, contributing positively to both customers and environmental sustainability.
Positive
- Quarterly dividend of $0.35 demonstrates ongoing shareholder value.
- Consistent dividend payments since January 1961 indicate financial stability.
- Focus on energy-efficient products aligns with sustainable market trends.
Negative
- None.
Details
News Market Reaction – RRX
The recorded move for RRX in the trading session of this news was -5.44%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BELOIT, Wis., Oct. 28, 2022 /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 28, 2022, 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-35-per-share-301662623.html
SOURCE Regal Rexnord Corporation
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