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

Standex International Corporation (NYSE:SXI) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 8th will be paid a dividend of 0.34 per share by the industrial products company on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, May 8th.

Standex International has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Standex International has a dividend payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Standex International to earn $10.05 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 13.5%.

Standex International Stock Down 0.7%

Shares of NYSE SXI opened at $274.95 on Friday. The stock has a market cap of $3.33 billion, a PE ratio of 61.65, a PEG ratio of 3.52 and a beta of 1.11. The business has a fifty day moving average of $260.61 and a two-hundred day moving average of $244.99. Standex International has a 52-week low of $133.96 and a 52-week high of $284.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The company had revenue of $221.32 million during the quarter, compared to analysts’ expectations of $219.22 million. During the same period last year, the business earned $1.91 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that Standex International will post 8.74 earnings per share for the current fiscal year.

About Standex International

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.