RBC Bearings Incorporated (NASDAQ:ROLLP – Get Rating) declared a quarterly dividend on Wednesday, June 22nd, Wall Street Journal reports. Investors of record on Friday, July 1st will be paid a dividend of 1.25 per share on Friday, July 15th. This represents a $5.00 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Thursday, June 30th.
Shares of NASDAQ ROLLP opened at $93.00 on Thursday. The firm has a 50 day simple moving average of $92.39. RBC Bearings has a 1 year low of $81.01 and a 1 year high of $126.88.
In other RBC Bearings news, VP Patrick S. Bannon sold 6,306 shares of the stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $180.07, for a total transaction of $1,135,521.42. Following the completion of the sale, the vice president now owns 12,591 shares of the company’s stock, valued at approximately $2,267,261.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Richard J. Edwards sold 10,000 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $199.07, for a total transaction of $1,990,700.00. Following the sale, the vice president now directly owns 11,966 shares of the company’s stock, valued at approximately $2,382,071.62. The disclosure for this sale can be found here.
RBC Bearings Company Profile (Get Rating)
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates through four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.
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