Standex International Announces Consistent Quarterly Dividend
Standex International's Commitment to Shareholders
Standex International Corporation (NYSE: SXI), a diversified global manufacturer, proudly announces its 244th consecutive quarterly cash dividend of $0.32 per share. This signifies a noteworthy increase of approximately 6.7% compared to the previous year. The announcement reflects the company’s unwavering dedication to delivering consistent returns to its dedicated shareholders.
Details of the Dividend Distribution
The declared dividend will be payable on a forthcoming date to shareholders who are on record by an earlier specified cut-off date. This quarterly distribution maintains the company's historic trend of paying dividends consistently since becoming public in November 1964. Each quarter, Standex has honored its commitment to returning value to its shareholders, establishing itself as a reliable performer within the industry.
Standex International: A Multi-Industry Leader
As a prominent player across various sectors, Standex International operates in five key business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The company has established a global footprint with operations spread across numerous countries including the United States, Europe, and parts of Asia, among others. This extensive reach enables Standex to leverage diverse market opportunities while ensuring robust growth.
Enhancing Shareholder Value
Standex's ability to sustain and increase its dividends is a direct result of its strategic focus on growth and profitability. The management team has prioritized long-term value creation for shareholders, and the consistent dividend declarations reflect this commitment. By nurturing innovative solutions and enhancing operational efficiencies, Standex has positioned itself favorably within its industries, ensuring that shareholder interests remain at the forefront of its business strategy.
About Standex International Corporation
Standex International Corporation is a leading multi-industry manufacturer that has incorporated diverse business interests under its umbrella. With a commitment to excellence, Standex delivers innovative solutions that meet the evolving needs of a global market. The company’s growth trajectory is supported by its expansive footprint across multiple regions, providing not only stability but also wide-reaching opportunities for ongoing industry advancement.
Frequently Asked Questions
What is the amount of the declared dividend by Standex?
The declared dividend is $0.32 per share, which reflects an increase of approximately 6.7% from the previous year.
How many consecutive quarters has Standex paid dividends?
Standex has paid dividends for 244 consecutive quarters, highlighting its long-standing commitment to returning capital to shareholders.
When will the dividend be paid?
The payment date for the dividend will be communicated to shareholders soon, based on the record date established by the board.
In which sectors does Standex operate?
Standex operates in the Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions sectors.
Where are Standex’s operations located?
Standex has a global presence with operations in numerous countries across North America, Europe, and Asia, ensuring diverse market engagement.
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