MILWAUKEE, Wis.,
Oct. 24,
2024 /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 24, 2024,
declared a dividend of $0.35 per
share. The dividend is payable on January
14, 2025, to shareholders of record at the close of business
on December 31, 2024. The company has
paid a dividend every quarter since January
1961.
About Regal Rexnord
Regal Rexnord's 30,000 associates around the world help create a
better tomorrow by providing sustainable solutions that power,
transmit and control motion. The Company's electric motors and air
moving subsystems provide the power to create motion. A portfolio
of highly engineered power transmission components and subsystems
efficiently transmits motion to power industrial applications. The
Company's automation offering, comprised of controls, actuators,
drives, and precision motors, controls motion in applications
ranging from factory automation to precision control in surgical
tools.
The Company's end markets benefit from meaningful secular demand
tailwinds, and include factory automation, food & beverage,
aerospace, medical, data center, warehouse, alternative energy,
residential and commercial buildings, general industrial,
construction, metals and mining, and agriculture.
Regal Rexnord is comprised of three operating segments:
Industrial Powertrain Solutions, Power Efficiency Solutions, and
Automation & Motion Control. Regal Rexnord is headquartered in
Milwaukee, Wisconsin and has
manufacturing, sales and service facilities worldwide. For more
information, including a copy of our Sustainability Report,
visit RegalRexnord.com.
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SOURCE Regal Rexnord Corporation