Standex International Corporation (SXI) to Issue Quarterly Dividend of $0.34 on August 21st

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

Standex International has raised 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. Analysts expect Standex International to earn $12.18 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 11.2%.

Standex International Trading Up 3.4%

NYSE SXI opened at $322.50 on Wednesday. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $307.66 and a 200-day moving average price of $275.32. Standex International has a 52 week low of $185.15 and a 52 week high of $363.89. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 3.51 and a beta of 1.06.

Standex International (NYSE:SXI) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The firm had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. During the same period last year, the firm earned $2.28 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Standex International will post 9.89 earnings per share for the current fiscal year.

Standex International Company Profile

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.