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

Rhea-AI Summary

Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.35 per share on July 25, 2022. This dividend is payable on October 14, 2022 to shareholders on record as of September 30, 2022. Regal Rexnord has consistently paid dividends since January 1961. As a leader in industrial powertrain solutions, the company focuses on energy-efficient products and systems across its four segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.

Positive

• Quarterly dividend of $0.35 per share declared.
• Consistent dividend payments since January 1961, indicating stable financial health.
• Focus on energy-efficient products aligns with market trends towards sustainability.

Negative

• None.

BELOIT, Wis., July 25, 2022 /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 July 25, 2022, declared a dividend of $0.35 per share. The dividend is payable on October 14, 2022, to shareholders of record at the close of business on September 30, 2022. 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?

The dividend amount declared is $0.35 per share.

When is the dividend payment date for Regal Rexnord Corporation?

The dividend payment date is October 14, 2022.

What is the record date for the dividend payment of Regal Rexnord Corporation?

The record date for the dividend payment is September 30, 2022.

How long has Regal Rexnord Corporation been paying dividends?

Regal Rexnord Corporation has been paying dividends since January 1961.

What are the primary business segments of Regal Rexnord Corporation?

The primary business segments are Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.