BELOIT, Wis., April 29, 2019 /PRNewswire/ -- Louis
Pinkham, Chief Executive Officer of Regal Beloit Corporation (NYSE:
RBC), announced that the Board of Directors, at its regular
quarterly meeting held on April 29,
2019, declared a dividend of $0.30 per share. The dividend represents a 7%
increase and is payable on July 12,
2019, to shareholders of record at the close of business on
June 28, 2019. The company has paid a
dividend every quarter since January
1961.
"Regal continues to generate strong operating cash flow
enabling us to reinvest in the business, pursue strategic growth
opportunities, and return capital to shareholders. Over the last
two years, we have returned over $91
million to our shareholders through regular quarterly
dividends," said Regal CEO Louis
Pinkham.
Regal Beloit Corporation (NYSE: RBC) is a leading manufacturer
of electric motors and controls, power generation products and
power transmission products serving customers throughout the world.
We create a better tomorrow by developing and responsibly producing
energy-efficient products and systems.
Our company is comprised of three operating segments: Commercial
and Industrial Systems, Climate Solutions and Power Transmission
Solutions. Regal is headquartered in Beloit, Wisconsin and has manufacturing, sales
and service facilities worldwide. For more information, visit
RegalBeloit.com.
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SOURCE Regal Beloit Corporation