Regal Rexnord Corporation (NYSE:RRX) Shareholders to Get $0.35 Quarterly Dividend

Key Points

• Regal Rexnord declared a quarterly dividend of $0.35 per share, payable January 14 to shareholders of record on December 31. The annualized dividend is $1.40 per share, yielding approximately 0.9%.
• The dividend appears well covered, with a current payout ratio of 12.6% and an expected future payout ratio of 10.8% based on projected earnings.
• Regal Rexnord recently exceeded quarterly EPS expectations, reporting $2.99 versus the $2.58 consensus estimate, although revenue of $1.56 billion came in slightly below expectations.

Regal Rexnord Corporation (NYSE:RRX - Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.35 per share on Thursday, January 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 31st.

Regal Rexnord has a dividend payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Regal Rexnord to earn $12.97 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 10.8%.

Regal Rexnord Price Performance

Shares of NYSE RRX traded down $8.87 during trading on Thursday, reaching $149.91. The company had a trading volume of 292,815 shares, compared to its average volume of 1,137,672. The stock has a market capitalization of $9.98 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $159.92 and a two-hundred day moving average price of $190.89. Regal Rexnord has a twelve month low of $127.96 and a twelve month high of $247.80.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.41. The company had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, sell-side analysts predict that Regal Rexnord will post 10.64 earnings per share for the current year.

Institutional Trading of Regal Rexnord

A number of hedge funds have recently made changes to their positions in RRX. Clearstead Trust LLC bought a new stake in Regal Rexnord in the second quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Regal Rexnord in the 2nd quarter worth about $27,000. Root Financial Partners LLC bought a new stake in shares of Regal Rexnord during the third quarter valued at approximately $41,000. FNY Investment Advisers LLC bought a new position in shares of Regal Rexnord in the second quarter worth $43,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Regal Rexnord during the second quarter worth approximately $43,000. Institutional investors and hedge funds own 99.72% of the company's stock.

Regal Rexnord Company Profile

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.

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