Regal Beloit Corporation Declares Quarterly Dividend Increase of 10%

Rhea-AI Summary

On April 26, 2021, Regal Beloit Corporation (NYSE: RBC) declared a quarterly dividend of $0.33 per share, marking a 10% increase. This dividend is payable on July 16, 2021, to shareholders of record as of July 2, 2021. Regal has consistently paid dividends quarterly since January 1961. The company, based in Beloit, Wisconsin, specializes in electric motors, power generation, and transmission products, emphasizing the creation of energy-efficient solutions for global customers.

Positive

• 10% dividend increase to $0.33 per share, enhancing shareholder income.
• Consistent quarterly dividend payments since January 1961, indicating company stability.

Negative

• None.

BELOIT, Wis., April 26, 2021 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Beloit Corporation (NYSE: RBC), announced that the Board of Directors, at its regular quarterly meeting held on April 26, 2021, declared a dividend of $0.33 per share. The dividend represents a 10% increase and is payable on July 16, 2021, to shareholders of record at the close of business on July 2, 2021. The company has paid a dividend every quarter since January 1961.

Regal Beloit Corporation is a global leader in the engineering and manufacturing of electric motors and controls, power generation solutions, and power transmission products serving customers throughout the world. We create a better tomorrow by developing and responsibly producing energy-efficient products and systems.

Our company is comprised of four operating segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin and has manufacturing, sales and service facilities worldwide. For more information, visit RegalBeloit.com.

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SOURCE Regal Beloit Corporation

FAQ

What is the new dividend amount for Regal Beloit Corporation (RBC)?

The new dividend amount is $0.33 per share.

When will the dividend be paid to shareholders of Regal Beloit Corporation (RBC)?

The dividend will be paid on July 16, 2021.

What is the record date for the dividend payment of Regal Beloit Corporation (RBC)?

The record date is July 2, 2021.

How often does Regal Beloit Corporation (RBC) pay dividends?

Regal Beloit Corporation pays dividends quarterly.

Since when has Regal Beloit Corporation (RBC) been paying dividends?

Regal Beloit Corporation has been paying dividends since January 1961.