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

Rhea-AI Summary

Regal Rexnord (NYSE: RRX) has declared a quarterly dividend of $0.35 per share, payable on October 11, 2024, to shareholders of record at the close of business on September 27, 2024. This announcement, made by CEO Louis Pinkham, continues the company's tradition of paying dividends every quarter since January 1961.

Regal Rexnord is a global company with 30,000 associates, specializing in sustainable solutions for powering, transmitting, and controlling motion. The company operates in three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Its products serve various end markets benefiting from secular demand trends, including factory automation, aerospace, medical, and alternative energy.

Positive

• Consistent dividend payment since 1961, indicating financial stability
• Diverse product portfolio serving multiple high-growth end markets
• Global presence with 30,000 associates worldwide
• Focus on sustainable solutions aligning with market trends

Negative

• None.

MILWAUKEE, July 22, 2024 /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 July 21, 2024, declared a dividend of $0.35 per share. The dividend is payable on October 11, 2024, to shareholders of record at the close of business on September 27, 2024. The company has paid a dividend every quarter since January 1961.

About Regal Rexnord
Regal Rexnord's 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.

The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord is headquartered in Milwaukee, Wisconsin and has manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

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SOURCE Regal Rexnord Corporation

FAQ

What is the dividend amount declared by Regal Rexnord (RRX) for Q3 2024?

Regal Rexnord (RRX) has declared a quarterly dividend of $0.35 per share for Q3 2024.

When is the dividend payable for Regal Rexnord (RRX) shareholders?

The dividend is payable on October 11, 2024, to Regal Rexnord (RRX) shareholders of record at the close of business on September 27, 2024.

How long has Regal Rexnord (RRX) been paying quarterly dividends?

Regal Rexnord (RRX) has been paying a dividend every quarter since January 1961, demonstrating a long history of consistent shareholder returns.

What are the main operating segments of Regal Rexnord (RRX)?

Regal Rexnord (RRX) operates in three main segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control.