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

Rhea-AI Summary

Regal Rexnord Corporation (NYSE: RRX) announced on April 24, 2023, that its Board of Directors declared a quarterly dividend of $0.35 per share. This dividend will be payable on July 14, 2023, to shareholders recorded by the close of business on June 30, 2023. Regal Rexnord has consistently paid dividends since January 1961, showcasing its commitment to shareholder returns. The company specializes in factory automation systems, industrial powertrain solutions, and energy-efficient products through its four operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, Automation & Motion Control, and Industrial Systems. Headquartered in Beloit, Wisconsin, Regal Rexnord has a global reach with manufacturing and service facilities worldwide.

Positive

• Dividend of $0.35 per share declared, payable on July 14, 2023.
• Continuous dividend payments since January 1961, indicating financial stability.

Negative

• None.

News Market Reaction – RRX

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In the trading session that priced this news, RRX declined 1.36%, reflecting a mild negative market reaction.

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BELOIT, Wis., April 24, 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 April 24, 2023, declared a dividend of $0.35 per share. The dividend is payable on July 14, 2023, to shareholders of record at the close of business on June 30, 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 factory automation sub-systems, industrial powertrain solutions, automation and mechanical power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems, serving customers around 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: Industrial Powertrain Solutions, Power Efficiency Solutions, Automation & Motion Control 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 in April 2023?

The dividend amount declared is $0.35 per share.

When will the dividend be payable to Regal Rexnord shareholders?

The dividend will be payable on July 14, 2023.

What is the record date for Regal Rexnord's dividend payment?

The record date for the dividend payment is June 30, 2023.

How long has Regal Rexnord been paying dividends?

Regal Rexnord has paid dividends every quarter since January 1961.

What are Regal Rexnord's main business segments?

The main business segments are Industrial Powertrain Solutions, Power Efficiency Solutions, Automation & Motion Control, and Industrial Systems.