Standex International Corporation (SXI) To Go Ex-Dividend on May 8th

Standex International Corporation (NYSE:SXI) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 8th will be paid a dividend of 0.34 per share by the industrial products company on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, May 8th.

Standex International has increased 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 dividend payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Standex International to earn $9.94 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.7%.

Standex International Price Performance

Standex International stock opened at $259.44 on Wednesday. The business’s 50-day simple moving average is $261.67 and its 200 day simple moving average is $247.19. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 3.23 and a beta of 1.09. Standex International has a 12-month low of $144.62 and a 12-month high of $284.71.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a return on equity of 14.62% and a net margin of 11.18%.The firm had revenue of $224.60 million for the quarter, compared to the consensus estimate of $225.16 million. During the same period in the prior year, the firm posted $1.95 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Standex International will post 8.66 earnings per share for the current year.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.