Standex International Corporation (NYSE:SXI) to Issue Quarterly Dividend of $0.34

Standex International Corporation (NYSE:SXI – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 7th will be given a dividend of 0.34 per share by the industrial products company on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, August 7th.

Standex International has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 14 years. Standex International has a payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Standex International to earn $9.96 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.7%.

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Standex International Price Performance

Shares of Standex International stock traded down $1.17 on Thursday, hitting $308.63. The company’s stock had a trading volume of 115,110 shares, compared to its average volume of 182,969. The company has a market capitalization of $3.74 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 3.43 and a beta of 1.03. Standex International has a 52-week low of $158.63 and a 52-week high of $363.89. The firm has a fifty day moving average price of $299.35 and a 200-day moving average price of $271.27. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63.

Standex International (NYSE:SXI – Get Free Report) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). The business had revenue of $224.59 million for the quarter, compared to analysts’ expectations of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 earnings per share. On average, equities research analysts expect that Standex International will post 8.58 earnings per share for the current fiscal year.

About Standex International

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Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.

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