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

Key Points

• Standex International Corporation has announced a quarterly dividend of $0.34 per share, representing a 6.3% increase from the previous dividend of $0.32.
• The dividend will be distributed on November 21st to stockholders of record as of November 7th, with an ex-dividend date also set for November 7th.
• Standex International's dividend payout ratio is a healthy 14.7%, indicating that earnings can comfortably cover its dividend obligations.

Standex International Corporation (NYSE:SXI - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Stockholders of record on Friday, November 7th will be given a dividend of 0.34 per share by the industrial products company on Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, November 7th. This is a 6.3% increase from Standex International's previous quarterly dividend of $0.32.

Standex International has a dividend payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Standex International to earn $9.62 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 13.3%.

Standex International Stock Up 4.0%

Standex International stock opened at $242.93 on Friday. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $243.41. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. The company has a market capitalization of $2.94 billion, a P/E ratio of 52.35, a PEG ratio of 2.98 and a beta of 1.15. The stock has a 50-day simple moving average of $212.62 and a 200-day simple moving average of $176.34.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.10 by $0.18. The firm had revenue of $222.05 million during the quarter, compared to the consensus estimate of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The firm's revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 EPS. Equities research analysts expect that Standex International will post 7.9 earnings per share for the current year.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.

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