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Regal Beloit (RBC) will raise its quarterly dividend by 7.7 percent to $0.28 per share in the second quarter of 2018. This marks the 14th consecutive year of dividend increases by RBC. The new dividend yield for the company is 1.6%.

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.