Regal Beloit Increases Dividend
BELOIT, Wis., April 30, 2012 /PRNewswire/ -- Mark J. Gliebe, Chief Executive Officer of REGAL BELOIT CORPORATION (NYSE: RBC), announced that the Board of Directors, at its regular quarterly meeting held on April 30, 2012, declared a dividend of $.19 per share, a $.01 increase from the previous dividend. The dividend is payable on July 13, 2012, to shareholders of record at the close of business on June 29, 2012. This represents the 208th consecutive dividend declared by the Company.
Regal Beloit Corporation is a leading manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal Beloit's common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.
SOURCE Regal Beloit Corporation