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

Regal Rexnord Corporation (NYSE:RRX) declared a quarterly dividend on Monday, January 26th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.35 per share on Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, March 31st.

Regal Rexnord has increased its dividend by an average of 0.0%annually over the last three years. Regal Rexnord has a dividend payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Regal Rexnord to earn $11.69 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 12.0%.

Regal Rexnord Price Performance

Shares of RRX traded up $0.56 during mid-day trading on Tuesday, hitting $153.34. The company’s stock had a trading volume of 75,942 shares, compared to its average volume of 624,476. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.97. The firm has a 50-day moving average price of $147.02 and a 200 day moving average price of $145.77. Regal Rexnord has a fifty-two week low of $90.56 and a fifty-two week high of $165.40. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 1.45 and a beta of 1.12.

Regal Rexnord (NYSE:RRX) last issued its earnings results on Thursday, October 30th. The company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.05). The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Regal Rexnord had a return on equity of 9.64% and a net margin of 4.38%.The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.49 earnings per share. On average, research analysts predict that Regal Rexnord will post 9.95 EPS for the current fiscal 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.