Regal Beloit Keeps Dividend at $0.20
Electric motor manufacturer Regal Beloit will pay a regular quarterly dividend of $0.30 on July 12 to the holders of record at the close of business on June 28.
It has paid a quarterly dividend consistently since 1999, making this payout its 212th consecutive quarterly payout.
Regal is headquartered in Beloit, Wis., and has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia. It had $3.2 billion in 2012.
The most recent dividend payment equates to a $0.76-per-share annual dividend yielding 1% based on the close price of Regal Beloit's stock on April 29.
The article Regal Beloit Keeps Dividend at $0.20 originally appeared on Fool.com.Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.