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Regal Beloit (RBC) will raise its quarterly dividend by 4.3 percent to $0.24 per share. This follows a 4.5 percent dividend hike by the company in the previous year.

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The company's four operating segments are: Commercial Systems, Industrial Systems, Climate Solutions and Power Transmission Solutions.Regal is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. The company has paid a dividend every quarter since January 1961.