BELOIT, Wis., April 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 April 25, 2016, declared a dividend of $0.24 per share. The dividend is payable on July 15, 2016, to shareholders of record at the close of business on July 1, 2016. This represents the 224th consecutive quarterly dividend declared by the Company and is the 11th annual increase out of the past 12 years.
Regal Beloit Corporation (NYSE: RBC) is a leading manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. The company is comprised of three business segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. For more information, visit RegalBeloit.com
SOURCE Regal Beloit Corporation