BELOIT, Wis., Jan. 25, 2016 /PRNewswire/ -- Mark J. Gliebe, Chairman and Chief Executive Officer of Regal Beloit Corporation (NYSE: RBC), announced that the Board of Directors, at its regular quarterly meeting held on January 23, 2016, declared a dividend of $.23 per share. The dividend is payable on April 15, 2016 to shareholders of record at the close of business on April 1, 2016. This represents the 223rd consecutive quarterly dividend declared by the Company.
Regal Beloit Corporation is a leading manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. Regal is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal's common stock is a component of the S&P Mid Cap 400 Index and the Russell 1000 Index.
SOURCE Regal Beloit Corporation