Regal Rexnord Corporation Announces Quarterly Dividend Payment
Regal Rexnord Corporation Announces Quarterly Dividend Payment
LATEST ANNOUNCEMENT: Regal Rexnord Corporation (NYSE: RRX), under the guidance of Chief Executive Officer Louis Pinkham, recently declared a quarterly dividend of $0.35 per share. This announcement was made during a Board of Directors meeting held recently. The dividend is scheduled for payment to shareholders who are on record at the end of December. Regal Rexnord has a longstanding history of consistent dividend payments, having delivered this incentive to its shareholders since January 1961.
Company Overview
With a workforce of 30,000 dedicated associates worldwide, Regal Rexnord is committed to creating innovative solutions that not only enhance performance but also contribute to a sustainable future. Their expertise in electric motors and air movement subsystems allows them to effectively power, transmit, and control motion across various applications.
Products and Solutions
The company's vast portfolio includes highly engineered power transmission components and subsystems that optimally transmit motion, powering numerous industrial applications. Their automation solutions, which encompass controllers, drives, precision motors, and actuators, are tailored for diverse applications ranging from factory automation to precision surgical tools.
Market Demand and Opportunities
Regal Rexnord primarily serves several dynamic end markets. These markets benefit from strong growth trends and include discrete automation, food and beverage, aerospace, medical, data centers, energy, and both residential and commercial buildings. Furthermore, sectors such as general industrial, as well as metals and mining, significantly contribute to the company's operations.
Operating Segments
The company is organized into three main operating segments, ensuring its robust market presence and tailored offerings: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Each segment plays a vital role in supporting the company's overarching strategy to efficiently meet the needs of a diverse customer base.
Global Presence and Commitment to Sustainability
Headquartered in Milwaukee, Regal Rexnord boasts a network of manufacturing, sales, and service facilities spread across the globe. This extensive presence enables the company to deliver exceptional service and innovative solutions to customers worldwide. As part of their commitment to sustainable business practices, Regal Rexnord continuously seeks to enhance its sustainability efforts, ensuring responsible operations that contribute to a better tomorrow.
Get Involved
For further details about Regal Rexnord and access to their latest Sustainability Report, interested individuals can visit regalrexnord.com to explore more about their initiatives and product offerings.
Frequently Asked Questions
What is the latest dividend declared by Regal Rexnord Corporation?
The latest quarterly dividend declared is $0.35 per share.
When was this dividend declared?
The dividend was announced during a recent Board of Directors meeting.
For how long has Regal Rexnord been issuing dividends?
Regal Rexnord has been paying dividends every quarter since January 1961.
What sectors does Regal Rexnord serve?
The company serves various sectors including aerospace, medical, food and beverage, and energy, among others.
Where is Regal Rexnord Corporation headquartered?
Regal Rexnord is headquartered in Milwaukee, Wisconsin.
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