RBC Bearings Incorporated to Issue Quarterly Dividend of $1.25 (NYSE:RBCP)

RBC Bearings Incorporated (NYSE:RBCP) announced a quarterly dividend on Wednesday, September 18th, Wall Street Journal reports. Stockholders of record on Tuesday, October 1st will be given a dividend of 1.25 per share on Tuesday, October 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Tuesday, October 1st.

RBC Bearings Stock Performance

NYSE RBCP opened at $133.31 on Monday. The business has a 50 day moving average price of $128.56 and a two-hundred day moving average price of $124.69. RBC Bearings has a fifty-two week low of $103.29 and a fifty-two week high of $136.40.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.