STANDEX DECLARES 241st CONSECUTIVE QUARTERLY DIVIDEND

Rhea-AI Summary

Standex International (NYSE: SXI) has announced that its Board of Directors declared a quarterly cash dividend of $0.32 per share, representing a 6.7% increase compared to the previous year. The dividend will be paid on November 22, 2024, to shareholders of record as of November 8, 2024. This marks the company's 241st consecutive quarterly dividend payment, maintaining an unbroken streak since becoming public in November 1964.

Positive

• 6.7% year-over-year dividend increase
• 241 consecutive quarters of dividend payments showing strong financial stability
• Consistent dividend payment history since 1964 demonstrating long-term shareholder commitment

Negative

• None.

News Market Reaction – SXI

+2.94%

+2.94% Session move

In the trading session that priced this news, SXI gained 2.94%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SALEM, N.H., Oct. 24, 2024 /PRNewswire/ -- Standex International Corporation (NYSE: SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per share, an approximately 6.7% year-on-year increase. The dividend is payable November 22, 2024, to shareholders of record on November 8, 2024. 

The dividend is the Company's 241^st 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 Standex's (SXI) latest quarterly dividend amount for 2024?

Standex's latest quarterly dividend amount is $0.32 per share, announced on October 24, 2024.

When is Standex's (SXI) next dividend payment date in 2024?

Standex's next dividend payment date is November 22, 2024, for shareholders of record as of November 8, 2024.

How much did Standex (SXI) increase its dividend in 2024?

Standex increased its quarterly dividend by 6.7% year-over-year in 2024.

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

Standex has paid 241 consecutive quarterly dividends since becoming a public in November 1964.