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 January 14, 2025, to shareholders of record as of December 31, 2024. The company has maintained an unbroken streak of quarterly dividend payments since January 1961. Regal Rexnord operates through three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control, employing 30,000 associates globally. The company specializes in electric motors, power transmission components, and automation solutions, serving diverse markets including factory automation, aerospace, medical, and alternative energy.

Positive

• Consistent dividend payment history since 1961, demonstrating financial stability
• Diversified revenue streams across multiple industrial sectors
• Strong market presence in sectors with secular demand growth

Negative

• None.

MILWAUKEE, Wis., Oct. 24, 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 October 24, 2024, declared a dividend of $0.35 per share. The dividend is payable on January 14, 2025, to shareholders of record at the close of business on December 31, 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 Regal Rexnord's (RRX) latest quarterly dividend amount?

Regal Rexnord (RRX) declared a quarterly dividend of $0.35 per share.

When is Regal Rexnord's (RRX) next dividend payment date?

The dividend is payable on January 14, 2025, to shareholders of record as of December 31, 2024.

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

Regal Rexnord has consistently paid quarterly dividends since January 1961.

What are Regal Rexnord's (RRX) main operating segments?

Regal Rexnord operates through three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control.