BELOIT, Wis., April 27, 2015 /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 April 27, 2015, declared a dividend of $.23 per share. The dividend is payable on July 17, 2015, to shareholders of record at the close of business on July 2, 2015. This represents the 220th consecutive quarterly dividend declared by the Company and is the tenth annual increase out of the past 11 years.
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 2000 Index.
SOURCE Regal Beloit Corporation