BELOIT, Wis., April 28, 2014 /PRNewswire/ -- Mark J.
Gliebe, Chairman and Chief Executive Officer of Regal Beloit
Corporation (NYSE: RBC), today announced that its Board of
Directors has approved a 10 percent increase in the Company's
quarterly cash dividend. The cash dividend will increase from
$0.20 to $0.22 per share of common stock. The
dividend is payable on July 11, 2014,
to shareholders of record at the close of business on June 27, 2014. This represents the
216th consecutive dividend declared by the Company and
the ninth time in ten years the dividend has increased.
"Our business continues to generate strong operating cash
enabling us to both invest in strategic growth opportunities and
return capital to shareholders. Over the last ten
years we have returned over $220
million to our shareholders through regular quarterly
dividends," said Mr. Gliebe.
Regal Beloit Corporation is a leading manufacturer of electric
motors, mechanical and electrical motion controls and power
generation products serving markets throughout the world.
Regal is headquartered in Beloit,
Wisconsin, and has manufacturing, sales and service
facilities throughout the United
States, Canada,
Mexico, Europe and Asia. Regal's common stock is
a component of the S&P Mid Cap 400 Index and the Russell 2000
Index.
SOURCE Regal Beloit Corporation