STOCK TITAN

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

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Regal Rexnord Corporation (RRX) declared a dividend of $0.35 per share, payable on April 12, 2024, to shareholders of record at the close of business on March 28, 2024. The company has paid a dividend every quarter since January 1961. Regal Rexnord is a global leader in engineering and manufacturing, focusing on socially conscious and environmentally-friendly products. The company operates in various end markets and is comprised of four operating segments. Regal Rexnord is headquartered in Milwaukee, Wisconsin, and has a global presence.
Positive
  • None.
Negative
  • None.

Insights

The declaration of a quarterly dividend by Regal Rexnord Corporation is a tangible reflection of the company's financial health and its commitment to returning value to shareholders. A consistent dividend payout since 1961 demonstrates a stable and reliable income stream for investors, which can be particularly attractive to those seeking regular income, such as retirees. It is also indicative of a mature company with a disciplined approach to capital allocation.

However, while the dividend announcement is positive, it's essential to contextualize the dividend yield against industry benchmarks and the company's historical payout ratios. Investors should consider the sustainability of the dividends in relation to the company's earnings, cash flow and debt levels. An assessment of the payout ratio, in conjunction with the company's growth prospects and investment opportunities, would provide a more comprehensive understanding of the long-term viability of the dividend policy.

Regal Rexnord's focus on socially conscious and environmentally-friendly products caters to the growing demand for sustainable manufacturing practices. This strategic orientation may not only improve the company's brand image but could also open up opportunities for growth in sectors prioritizing green technologies. The mention of end markets such as medical, alternative energy and aerospace indicates a diversified customer base, which can be a buffer against market volatility.

Understanding the competitive landscape within these sectors and the company's market share would provide insight into its competitive positioning. It is also worth analyzing how the company's innovation in factory automation sub-systems and industrial powertrain solutions align with industry trends towards increased automation and efficiency. Such advancements could lead to operational cost savings and improved margins over time.

Regal Rexnord's emphasis on producing environmentally-friendly products aligns with global trends towards sustainability and could be a significant factor in its long-term strategic growth. Investors are increasingly considering environmental, social and governance (ESG) factors when making investment decisions. As such, the company's intentional focus on addressing the secular demands of its customers through sustainable practices could enhance its attractiveness to a broader investor base, including socially responsible investment funds.

It would be beneficial to evaluate the company's sustainability reports and any third-party assessments of its ESG performance. This analysis could reveal the extent to which the company has integrated sustainability into its operations and the potential impact on its reputation and regulatory compliance.

MILWAUKEE, Jan. 29, 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 January 29, 2024, declared a dividend of $0.35 per share. The dividend is payable on April 12, 2024, to shareholders of record at the close of business on March 28, 2024. 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.

Through longstanding technology leadership and an intentional focus on producing more socially conscious and environmentally-friendly products and sub-systems, the Company is regularly addressing increasingly relevant secular demands of customers in the medical, alternative energy, aerospace, food & beverage, general industrial and warehouse/intralogistics end markets, among others. In short, Regal Rexnord's 36,000 associates around the world are proud to be working each day towards fulfilling the Company's purpose – helping 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 Milwaukee, Wisconsin and has manufacturing, sales, and service facilities worldwide. For more information, visit RegalRexnord.com.

Cision View original content:https://www.prnewswire.com/news-releases/regal-rexnord-corporation-declares-quarterly-dividend-of-35-per-share-302047160.html

SOURCE Regal Rexnord Corporation

FAQ

When is the dividend payable for Regal Rexnord Corporation?

The dividend of $0.35 per share is payable on April 12, 2024.

What is the ticker symbol for Regal Rexnord Corporation?

The ticker symbol for Regal Rexnord Corporation is RRX.

Where is Regal Rexnord Corporation headquartered?

Regal Rexnord Corporation is headquartered in Milwaukee, Wisconsin.

What are the operating segments of Regal Rexnord Corporation?

Regal Rexnord Corporation is comprised of four operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, Automation & Motion Control, and Industrial Systems.

What is the purpose of Regal Rexnord Corporation?

The purpose of Regal Rexnord Corporation is to help create a better tomorrow for its customers and for the planet by producing socially conscious and environmentally-friendly products.

Regal Rexnord Corporation

NYSE:RRX

RRX Rankings

RRX Latest News

RRX Stock Data

11.46B
66.54M
0.52%
104.17%
1.67%
Specialty Industrial Machinery
General Industrial Machinery & Equipment, Nec
Link
United States of America
MILWAUKEE