MILWAUKEE, Oct. 27, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal
Rexnord Corporation (NYSE: RRX), announced that the Board of
Directors, at its regular quarterly meeting held on October 27, 2023, declared a dividend of
$0.35 per share. The dividend is
payable on January 12, 2024, to
shareholders of record at the close of business on December 29, 2023. The company has paid a
dividend every quarter since January
1961.
Regal Rexnord Corporation is a global leader in the engineering
and manufacturing of factory automation sub-systems, industrial
powertrain solutions, automation and mechanical power transmission
components, electric motors and electronic controls, air moving
products, and specialty electrical components and systems.
Through longstanding technology leadership and an intentional
focus on producing more socially conscious and
environmentally-friendly products and sub-systems, the Company is
regularly addressing increasingly relevant secular demands of
customers in the medical, alternative energy, aerospace, food &
beverage, general industrial and warehouse/intralogistics end
markets, among others. In short, Regal Rexnord's 36,000 associates
around the world are proud to be working each day towards
fulfilling the Company's purpose – helping create a better tomorrow
– for its customers and for the planet.
Regal Rexnord is comprised of four operating segments:
Industrial Powertrain Solutions, Power Efficiency Solutions,
Automation & Motion Control and Industrial Systems. Regal
Rexnord is headquartered in Milwaukee,
Wisconsin and has manufacturing, sales, and service
facilities worldwide. For more information, visit
RegalRexnord.com.
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SOURCE Regal Rexnord Corporation