NEW YORK (
) -- The ex-dividend date for
) is tomorrow, March 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $71.60 as of 9:31 a.m. ET, the dividend yield is 0.9%.
The average volume for Regal-Beloit has been 273,200 shares per day over the past 30 days. Regal-Beloit has a market cap of $2.8 billion and is part of the
industry. Shares are up 7% year to date as of the close of trading on Monday.
Regal Beloit Corporation, together with its subsidiaries, manufactures and sells electrical and mechanical products to original equipment manufacturers, distributors, and end users. The company operates in two segments, Electrical and Mechanical. The company has a P/E ratio of 18.6, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Regal-Beloit as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full