Business Wire | Jul 23, 2020 11:26AM EDT

Rexnord Declares Quarterly Dividend

Jul. 23, 2020

MILWAUKEE--(BUSINESS WIRE)--Jul. 23, 2020--Rexnord Corporation (NYSE:RXN) announced today that its Board of Directors declared a quarterly common stock dividend of $0.08 per share payable in cash on September 8, 2020 to stockholders of record as of August 20, 2020.

About RexnordHeadquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 6,800 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. Additional information about the Company can be found at www.rexnordcorp.com.

Forward-Looking StatementsInformation in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Rexnord Corporation as of the date of the release, and Rexnord Corporation assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences. Please refer to "Risk Factors" and "Cautionary Notice Regarding Forward-Looking Statements" in the Company's Form 10-K for the fiscal year ended March 31, 2020 as well as the Company's annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the SEC for a further discussion of the factors and risks associated with the business.

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CONTACT: Investor Contact: Rob McCarthy Vice President, Investor Relations 414-223-1615

CONTACT: Media Contact: Angela Hersil Director, Corporate Communications 855-480-5050 Corporate.Communications@Rexnord.com