BELOIT, Wis., April 26, 2021 /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 26,
2021, declared a dividend of $0.33 per share. The dividend represents a
10% increase and is payable on July 16,
2021, to shareholders of record at the close of business on
July 2, 2021. The company has paid a
dividend every quarter since January
1961.
Regal Beloit Corporation is a global leader in the engineering
and manufacturing of electric motors and controls, power generation
solutions, 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 four operating segments: Commercial
Systems, 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