Standex International Corporation (NYSE:SXI) to Issue Quarterly Dividend of $0.36

Standex International Corporation (NYSE:SXI) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be paid a dividend of $0.36 per share by the industrial products company on Friday, November 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, November 6th. This is a 5.9% increase from Standex International’s previous quarterly dividend of $0.34.

Standex International has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 14 years. Standex International has a dividend payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Standex International to earn $11.81 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 11.5%.

Standex International Stock Down 9.8%

Standex International stock opened at $243.36 on Friday. Standex International has a twelve month low of $215.62 and a twelve month high of $363.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The firm has a market cap of $2.99 billion, a PE ratio of 28.07, a P/E/G ratio of 3.00 and a beta of 1.07. The firm’s 50 day moving average price is $281.95 and its two-hundred day moving average price is $289.05.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business had revenue of $228.25 million for the quarter, compared to analysts’ expectations of $226.47 million. During the same period in the previous year, the company posted $2.28 EPS. Standex International’s revenue was up 2.8% on a year-over-year basis. On average, research analysts predict that Standex International will post 9.98 EPS for the current fiscal year.

About Standex International

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that develops and produces specialized equipment, components and engineered products for customers in a range of commercial and industrial markets. The company serves original equipment manufacturers and other businesses through a portfolio of operations focused on applications requiring specialized technology, precision manufacturing and customized solutions.

Its businesses include Standex Electronics, which makes sensors, switches, relays, magnetic components and power magnetics; Standex Engraving, which provides engraved tooling, mold texturing and patterned rolls for plastics, packaging and other manufacturing applications; and Standex Engineering Technologies, which develops engineered components and systems for industrial and mobile equipment.