Regal Beloit Corp (RBC) to Issue $0.26 Quarterly Dividend

Regal Beloit Corp (NYSE:RBC) declared a quarterly dividend on Monday, January 22nd, RTT News reports. Investors of record on Thursday, March 29th will be given a dividend of 0.26 per share by the industrial products company on Friday, April 13th. This represents a $1.04 annualized dividend and a yield of 1.31%.

Regal Beloit has raised its dividend payment by an average of 6.0% annually over the last three years and has increased its dividend every year for the last 8 years. Regal Beloit has a dividend payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Regal Beloit to earn $5.37 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 19.4%.

Regal Beloit (RBC) opened at $79.40 on Monday. The company has a market cap of $3,517.74, a P/E ratio of 17.26, a P/E/G ratio of 1.34 and a beta of 1.48. Regal Beloit has a fifty-two week low of $70.25 and a fifty-two week high of $87.50. The company has a quick ratio of 1.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.48.

Regal Beloit (NYSE:RBC) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $1.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.01). The business had revenue of $857.00 million during the quarter, compared to the consensus estimate of $837.19 million. Regal Beloit had a return on equity of 9.76% and a net margin of 6.28%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $1.31 earnings per share. analysts predict that Regal Beloit will post 4.87 earnings per share for the current year.

RBC has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $90.00 target price on shares of Regal Beloit in a research note on Tuesday, November 28th. ValuEngine upgraded shares of Regal Beloit from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Tuesday, January 2nd. Robert W. Baird reiterated a “buy” rating and issued a $88.00 target price on shares of Regal Beloit in a research note on Wednesday, October 4th. Finally, BMO Capital Markets lowered their target price on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $86.56.

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About Regal Beloit

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.

Dividend History for Regal Beloit (NYSE:RBC)

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