STANDEX DECLARES 237th CONSECUTIVE QUARTERLY DIVIDEND

Rhea-AI Summary

Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.30 per share, representing a 7.1% year-on-year increase. The dividend will be payable on November 22, 2023, to shareholders of record on November 8, 2023. This is the 237th consecutive quarterly cash dividend declared by Standex since it became a public corporation in November 1964.

Positive

• Standex International Corporation (SXI) has announced a 7.1% year-on-year increase in its quarterly cash dividend, which is positive news for investors. The dividend of $0.30 per share indicates the company's commitment to returning value to shareholders. This consistent dividend payout demonstrates Standex's financial stability and long-term growth potential.

Negative

• None.

SALEM, N.H., Oct. 26, 2023 /PRNewswire/ -- Standex International Corporation (NYSE: SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share, an approximately 7.1% year-on-year increase. The dividend is payable November 22, 2023, to shareholders of record on November 8, 2023.

The dividend is the Company's 237^th consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a public corporation in November 1964.

About Standex

Standex International Corporation is a global multi-industry manufacturer in five broad business segments: Electronics, Engraving, Scientific, Engineering Technologies and Specialty Solutions with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, South Africa, India and China.  For additional information, visit the Company's website at www.standex.com. 

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SOURCE Standex International Corporation

FAQ

What is the dividend amount declared by Standex International Corporation?

Standex International Corporation has declared a quarterly cash dividend of $0.30 per share.

When will the dividend be payable?

The dividend will be payable on November 22, 2023.

Who is eligible for the dividend?

Shareholders of record on November 8, 2023, are eligible for the dividend.

How long has Standex International Corporation been paying dividends?

Standex International Corporation has been paying dividends each quarter since it became a public corporation in November 1964.

What does the dividend announcement indicate about Standex's financial stability?

The consistent dividend payout demonstrates Standex's financial stability and long-term growth potential.