In the news release, Regal Beloit Increases Dividend, issued 24-Jul-2015 by Regal Beloit Corporation over PR Newswire, we are advised by the company that the headline should read "Regal Beloit Announces Dividend" rather than "Regal Beloit Increases Dividend" as originally issued inadvertently. The complete, corrected release follows:
Regal Beloit Announces Dividend
BELOIT, Wis., July 24, 2015 /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 July 23, 2015, declared a dividend of $.23 per share. The dividend is payable on October 16, 2015, to shareholders of record at the close of business on October 2, 2015. This represents the 221st consecutive quarterly dividend declared by the Company.
Regal Beloit Corporation is a leading manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. Regal is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal's common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/regal-beloit-increases-dividend-300118606.html
SOURCE Regal Beloit Corporation
John Perino, VP Financial Planning & Analysis, 608-361-7501, john.perino@regalbeloit.com