Standex International Corporation (SXI) to Issue Quarterly Dividend of $0.34 on November 21st

Standex International Corporation (NYSE:SXI) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Friday, November 7th will be given a dividend of 0.34 per share by the industrial products company on Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, November 7th. This is a 6.3% increase from Standex International’s previous quarterly dividend of $0.32.

Standex International has a dividend payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Standex International to earn $9.62 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 13.3%.

Standex International Price Performance

NYSE SXI opened at $244.68 on Friday. The business’s fifty day moving average price is $213.46 and its 200-day moving average price is $177.11. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 52.73, a PEG ratio of 3.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. Standex International has a 1-year low of $128.85 and a 1-year high of $246.12.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.18. The firm had revenue of $222.05 million for the quarter, compared to analysts’ expectations of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The company’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS. On average, equities analysts predict that Standex International will post 7.9 earnings per share for the current year.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.