Rexnord Declares Quarterly Dividend
Rexnord Corporation (NYSE:RXN) has declared a quarterly cash dividend of $0.09 per share, which will be payable on March 8, 2021, to stockholders recorded as of February 19, 2021. The company operates through two main platforms: Process & Motion Control and Water Management, employing approximately 6,600 individuals globally. This dividend reflects Rexnord's commitment to returning value to its shareholders while maintaining a focus on its strategic business operations.
- Quarterly dividend of $0.09 per share indicates shareholder value return.
- Employment of approximately 6,600 employees shows company growth.
- None.
Rexnord Corporation (NYSE:RXN) announced today that its Board of Directors declared a quarterly common stock dividend of
About Rexnord
Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 6,600 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. Additional information about the Company can be found at www.rexnordcorp.com.
Forward-Looking Statements
Information in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Rexnord Corporation as of the date of the release, and Rexnord Corporation assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences. Please refer to “Risk Factors” and “Cautionary Notice Regarding Forward-Looking Statements” in the Company’s Form 10-K for the fiscal year ended March 31, 2020 as well as the Company’s annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the SEC for a further discussion of the factors and risks associated with the business.
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