Regal Rexnord Corporation Declares Quarterly Dividend of $.33 per share.

Rhea-AI Summary

Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.33 per share during its Board of Directors meeting on October 26, 2021. This dividend is payable on January 14, 2022, to shareholders on record by December 31, 2021. The company has maintained a consistent dividend payout since January 1961, highlighting its commitment to shareholder returns. Regal Rexnord is a leader in industrial powertrain solutions and operates four main segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.

Positive

• Declared a quarterly dividend of $0.33 per share, indicating strong cash flow.
• Dividend is consistent with a long history of quarterly payments since January 1961, showcasing company reliability.
• Active operations in four segments, indicating diversified revenue streams.

Negative

• None.

BELOIT, Wis., Oct. 26, 2021 /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 26, 2021, declared a dividend of $0.33 per share. The dividend is payable on January 14, 2022, to shareholders of record at the close of business on December 31, 2021. The company has paid a dividend every quarter since January 1961.

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.

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SOURCE Regal Rexnord Corporation

FAQ

What is the dividend amount declared by Regal Rexnord Corporation (RRX)?

Regal Rexnord Corporation declared a dividend of $0.33 per share.

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

The dividend is payable on January 14, 2022.

What is the record date for the dividend of Regal Rexnord Corporation (RRX)?

The record date for the dividend is December 31, 2021.

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

Regal Rexnord Corporation has been paying dividends every quarter since January 1961.

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

The main operating segments are Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.