Regal Beloit Keeps Dividend Steady
Electric-motor maker Regal Beloitannounced on Friday its third-quarter dividend of $0.20 per share, the same rate it paid last quarter after raising the payout 5% from $0.19 per share.
The board of directors said the quarterly dividend is payable on Oct. 11 to the holders of record at the close of business on Sept. 27. This represents the 213th consecutive dividend paid by the motor maker.
The regular dividend payment equates to a $0.80-per-share annual dividend, yielding 1.1% based on Friday's closing price of Regal Beloit's stock.
The article Regal Beloit Keeps Dividend Steady 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.