Rexnord Declares Quarterly Dividend

Rhea-AI Summary

Rexnord Corporation (NYSE:RXN) has declared a quarterly common stock dividend of $0.09 per share, payable in cash on September 7, 2021, to stockholders on record as of August 20, 2021. The company operates through two strategic platforms: Process & Motion Control and Water Management, employing approximately 6,800 people globally. Rexnord focuses on designing and manufacturing high-quality mechanical components and water management solutions.

Positive

• Quarterly dividend of $0.09 per share demonstrates commitment to returning value to shareholders.

Negative

• None.

Rexnord Corporation (NYSE:RXN) announced today that its Board of Directors declared a quarterly common stock dividend of $0.09 per share payable in cash on September 7, 2021 to stockholders of record as of August 20, 2021.

About Rexnord

Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 6,800 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 transition period ended December 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210722005707/en/

FAQ

What is the dividend amount declared by Rexnord Corporation?

Rexnord Corporation declared a quarterly dividend of $0.09 per share.

When will the dividend payment be made?

The dividend will be paid on September 7, 2021.

Who is eligible to receive the dividend?

Stockholders of record as of August 20, 2021, are eligible to receive the dividend.

What are the main business segments of Rexnord Corporation?

Rexnord operates through two main segments: Process & Motion Control and Water Management.

Is Rexnord Corporation's dividend sustainable?

The sustainability of Rexnord's dividend depends on its future earnings and cash flow, but no specific risks related to the dividend were mentioned in the press release.