Regal-Beloit Stock To Go Ex-dividend Tomorrow (RBC)

NEW YORK ( TheStreet) -- The ex-dividend date for Regal-Beloit Corporation (NYSE: RBC) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $66.78 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Regal-Beloit has been 343,500 shares per day over the past 30 days. Regal-Beloit has a market cap of $2.37 billion and is part of the industrial goods sector and industrial industry. Shares are up 31% year to date as of the close of trading on Monday.

Regal Beloit Corporation, together with its subsidiaries, manufactures and sells electric motors and controls, electric generators and controls, and mechanical motion control products in the United States, Asia, and internationally. The company has a P/E ratio of 17.3, above the average industrial industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Regal-Beloit as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Regal-Beloit Ratings Report.

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