Regal Rexnord Announces Exciting Quarterly Dividend Payment
Regal Rexnord Corporation Declares $0.35 Dividend
In a recent announcement, Chief Executive Officer Louis Pinkham shared that Regal Rexnord Corporation (NYSE: RRX) has officially declared a dividend of $0.35 per share during its Board of Directors meeting. This decision showcases the company's commitment to delivering value to its shareholders.
Details of the Dividend Payment
The declared dividend will be payable to shareholders on April 14, 2025. Shareholders of record by March 31, 2025, will benefit from this quarterly payout. This consistent practice of distributing dividends reflects Regal Rexnord's dedication to its investors.
A Legacy of Dividends
Regal Rexnord has a rich history of maintaining dividend payments. In fact, the company has distributed dividends every quarter since January 1961, showcasing its reliability and commitment to rewarding its loyal shareholders over the decades.
About Regal Rexnord
Regal Rexnord operates with a mission driven by its 30,000 employees globally, aiming to create a sustainable future. They provide innovative solutions for power transmission and motion control across various sectors. Their products include electric motors and air moving subsystems, designed to facilitate the generation of motion efficiently.
Key Markets and Applications
The diverse end markets served by Regal Rexnord benefit from strong secular demand dynamics. Industries such as factory automation, food and beverage processing, aerospace, and medical applications heavily rely on their technologies. The company's offerings span warehouse management, alternative energy sources, and agricultural equipment manufacturing.
Operational Segments
Regal Rexnord is divided into three primary operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. This structure allows the company to focus on delivering specialized solutions tailored to the needs of varied industries.
Global Footprint and Impact
Headquartered in Milwaukee, Wisconsin, Regal Rexnord has established a vast network of manufacturing, sales, and service facilities around the globe. This extensive presence enables them to serve customers effectively and drive innovation across their product lines.
Commitment to Sustainability
As part of Regal Rexnord's vision for a better future, the company emphasizes sustainability in its operations. The company’s dedication to reducing environmental impact is highlighted in its regularly published Sustainability Report, showcasing their strategic initiatives to enhance their efficiency and sustainability practices.
Frequently Asked Questions
What is the declared dividend amount for Regal Rexnord?
The company has declared a dividend of $0.35 per share.
When will the dividend be paid to shareholders?
The dividend is scheduled to be paid on April 14, 2025.
How long has Regal Rexnord been paying dividends?
Regal Rexnord has paid dividends continuously since January 1961.
What are the main segments of Regal Rexnord's business?
The main segments include Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control.
Where is Regal Rexnord headquartered?
The company is headquartered in Milwaukee, Wisconsin.
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