Regal Rexnord Corporation (NYSE:RRX) Declares $0.35 Quarterly Dividend

Regal Rexnord Corporation (NYSE:RRX) announced a quarterly dividend on Monday, July 20th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.35 per share on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th.

Regal Rexnord has increased its dividend by an average of 0.0%annually over the last three years. Regal Rexnord has a payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Regal Rexnord to earn $13.49 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 10.4%.

Regal Rexnord Trading Up 3.7%

NYSE:RRX opened at $213.27 on Wednesday. The company has a fifty day moving average of $211.72 and a 200 day moving average of $198.61. Regal Rexnord has a 52 week low of $127.96 and a 52 week high of $247.80. The firm has a market capitalization of $14.20 billion, a P/E ratio of 49.60, a P/E/G ratio of 1.93 and a beta of 1.08. The company has a quick ratio of 1.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.69.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. Regal Rexnord had a return on equity of 9.49% and a net margin of 4.78%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 earnings per share. On average, research analysts predict that Regal Rexnord will post 10.64 earnings per share for the current year.

About Regal Rexnord

Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company’s operations are organized into multiple business segments that address distinct customer needs.