Standex International Co. to Issue Quarterly Dividend of $0.24 (NYSE:SXI)

Standex International Co. (NYSE:SXI) announced a quarterly dividend on Thursday, July 22nd, RTT News reports. Shareholders of record on Monday, August 2nd will be given a dividend of 0.24 per share by the industrial products company on Wednesday, August 25th. This represents a $0.96 dividend on an annualized basis and a yield of 1.04%.

Standex International has increased its dividend by 36.4% over the last three years and has raised its dividend annually for the last 11 consecutive years.

Shares of NYSE:SXI traded up $1.26 during trading on Thursday, hitting $91.88. 23,947 shares of the stock were exchanged, compared to its average volume of 42,263. Standex International has a 1-year low of $51.74 and a 1-year high of $108.17. The stock has a market capitalization of $1.13 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. The company has a fifty day moving average price of $95.66. The company has a quick ratio of 1.97, a current ratio of 2.66 and a debt-to-equity ratio of 0.41.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, May 6th. The industrial products company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.13. The business had revenue of $172.20 million for the quarter, compared to analyst estimates of $162.65 million. Standex International had a return on equity of 9.85% and a net margin of 3.93%. Standex International’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, analysts forecast that Standex International will post 4.56 earnings per share for the current year.

Several brokerages recently commented on SXI. Zacks Investment Research lowered Standex International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 13th. Barrington Research reiterated an “outperform” rating and issued a $113.00 price objective (up previously from $110.00) on shares of Standex International in a research report on Friday, May 7th.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.

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Dividend History for Standex International (NYSE:SXI)

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