Standex International Corporation (SXI) To Go Ex-Dividend on November 6th

Standex International Corporation (NYSE:SXI) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 6th will be given a dividend of $0.36 per share by the industrial products company on Friday, November 20th. This represents a $1.44 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, November 6th. This is a 5.9% increase from Standex International’s previous quarterly dividend of $0.34.

Standex International has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Standex International has a payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Standex International to earn $11.91 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 12.1%.

Standex International Trading Up 1.9%

Shares of Standex International stock opened at $258.37 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 3.19 and a debt-to-equity ratio of 0.67. Standex International has a 52-week low of $215.62 and a 52-week high of $363.89. The company’s 50-day simple moving average is $271.58 and its 200-day simple moving average is $277.72. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Standex International had a net margin of 12.54% and a return on equity of 14.84%. The firm had revenue of $232.57 million for the quarter, compared to the consensus estimate of $229.65 million. During the same period in the prior year, the firm posted $1.99 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Standex International will post 9.99 earnings per share for the current year.

Standex International Company Profile

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that develops and produces specialized equipment, components and engineered products for customers in a range of commercial and industrial markets. The company serves original equipment manufacturers and other businesses through a portfolio of operations focused on applications requiring specialized technology, precision manufacturing and customized solutions.

Its businesses include Standex Electronics, which makes sensors, switches, relays, magnetic components and power magnetics; Standex Engraving, which provides engraved tooling, mold texturing and patterned rolls for plastics, packaging and other manufacturing applications; and Standex Engineering Technologies, which develops engineered components and systems for industrial and mobile equipment.