STANDEX DECLARES 240th CONSECUTIVE QUARTERLY DIVIDEND

Rhea-AI Summary

Standex International (NYSE: SXI) has announced its 240th consecutive quarterly cash dividend. The Board of Directors declared a quarterly dividend of $0.30 per share, representing an approximately 7.1% year-on-year increase. This dividend will be payable on August 23, 2024, to shareholders of record as of August 9, 2024. Standex has maintained a consistent record of paying dividends every quarter since becoming a public in November 1964, showcasing its commitment to shareholder returns.

Positive

• Declared 240th consecutive quarterly dividend, demonstrating long-term financial stability
• 7.1% year-on-year increase in dividend amount, indicating growth in shareholder returns
• Consistent dividend payments since 1964, showing strong commitment to shareholder value

Negative

• None.

News Market Reaction – SXI

+0.86%

+0.86% Session move

In the trading session that priced this news, SXI gained 0.86%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SALEM, N.H., July 26, 2024 /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 August 23, 2024, to shareholders of record on August 9, 2024. 

The dividend is the Company's 240^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, 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 amount of Standex's (SXI) latest quarterly dividend?

Standex (SXI) has declared a quarterly cash dividend of $0.30 per share.

When will Standex (SXI) pay its latest quarterly dividend?

Standex (SXI) will pay its latest quarterly dividend on August 23, 2024.

What is the record date for Standex's (SXI) latest dividend?

The record date for Standex's (SXI) latest dividend is August 9, 2024.

How much has Standex (SXI) increased its dividend compared to last year?

Standex (SXI) has increased its dividend by approximately 7.1% year-on-year.

How many consecutive quarterly dividends has Standex (SXI) declared?

Standex (SXI) has declared its 240th consecutive quarterly dividend.