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
On the day this news was published, SXI gained 0.86%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The dividend is the Company's 240th 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
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SOURCE Standex International Corporation
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