Regal Rexnord Corporation (RRX) To Go Ex-Dividend on September 30th

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

Regal Rexnord has increased its dividend payment by an average of 0.0%per year 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%

Shares of NYSE RRX opened at $213.27 on Wednesday. Regal Rexnord has a 1-year low of $127.96 and a 1-year high of $247.80. The company has a 50-day moving average of $211.72 and a two-hundred day moving average of $198.61. The company has a market cap of $14.20 billion, a PE ratio of 49.60, a P/E/G ratio of 1.93 and a beta of 1.08. The company has a current ratio of 2.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.69.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. Regal Rexnord’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.15 earnings per share. As a group, equities analysts expect that Regal Rexnord will post 10.64 earnings per share for the current fiscal year.

Regal Rexnord Company Profile

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.