Rexnord Corporation (NYSE:RXN) will begin trading ex-dividend on November 19, 2020. The quarterly dividend payment of $ 0.08 per share is scheduled to be paid on December 7, 2020. The dividend yield based on the latest trading day closing price was 0.86 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 19, 2020.
Dividends History
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Rexnord Corporation recently reported first quarter financial results on July 28, 2020, after market close, the Milwaukee based company reported income for the first quarter of $ 0.36 per share, from the revenue of $ 449.10 million. The quarterly earnings reduced 25.00 percent while revenues reduced 11.65 percent compared with the same quarter last year.
Wall street analysts are predicting, RXN to report 1Q21 income of $ 0.32 per share from revenue of $ 453.78 million. The bottom line results beat street analysts by $ 0.04 or 12.50 percent, at the same time, top line results fell short of analysts by $ 4.68 million or 1.03 percent.
Stock Performance
On Friday, shares of Rexnord Corporation has traded high as $ 37.30 and has cracked $ 36.41 on the downward trend, reaching $ 37.18 with volume of 354.50 thousand shares.
According to the previous trading day, closing price of $ 37.18, representing a 91.10 % increase from the 52 week low of $ 18.87 and a 8.62 % decrease over the 52 week high of $ 39.46.
The company has a market capital of $ 4.47 billion and is part of the Industrials sector and Diversified Industrials industry.
Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. It operates in two segments, Process & Motion Control Platform and Water Management Platform. The company offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chain, and custom assemblies; custom-engineered, application-specific miniature gearboxes, and motion control assemblies and components used in aerospace, defense, medical equipment, robotics, semiconductor, instrumentation, and satellite communications; and shaft management products, including couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies.
