Standex Announces 8% Increase in Quarterly Dividend

Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.26 per share, marking an 8% increase from previous payments.

Rhea-AI Summary

Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.26 per share, marking an 8% increase from previous payments. This dividend will be paid on November 24, 2021, to shareholders recorded by November 8, 2021. This also marks the company's 229th consecutive quarterly dividend since its public listing in November 1964, reflecting a consistent commitment to returning value to shareholders.

Positive

• Declared a quarterly cash dividend of $0.26 per share, an 8% increase.
• 229th consecutive quarterly cash dividend indicates strong financial stability.

Negative

• None.

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News Market Reaction – SXI

In the trading session that priced this news, SXI gained 3.44%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SALEM, N.H. , Oct. 28, 2021 /PRNewswire/ -- Standex International Corporation (NYSE: SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share, an approximately 8% increase over the prior four quarterly dividend payments.  The dividend is payable November 24, 2021 to shareholders of record on November 8, 2021.

The dividend is the Company's 229^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, Brazil, 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new dividend amount for Standex (SXI) in 2021?

The new dividend amount for Standex (SXI) is $0.26 per share.

When is the dividend payment date for Standex (SXI)?

The dividend payment date for Standex (SXI) is November 24, 2021.

What is the significance of Standex's 229th consecutive dividend?

The 229th consecutive dividend signifies Standex's long-term commitment to returning value to its shareholders.

When is the record date for the Standex (SXI) dividend?

The record date for the Standex (SXI) dividend is November 8, 2021.

How often does Standex (SXI) pay dividends?

Standex (SXI) pays dividends quarterly.