Standex Declares 241st Consecutive Quarterly Dividend
Standex International Corporation (NYSE: SXI) has made an exciting announcement regarding its consistent commitment to its shareholders. The Board of Directors has declared a quarterly cash dividend of $0.32 per share, representing a noteworthy increase of approximately 6.7% compared to the previous year. This increase underscores the company's ongoing dedication to delivering shareholder value.
The Significance of the Dividend
This upcoming dividend marks the impressive milestone of the 241st consecutive quarterly cash dividend that Standex has issued. This remarkable record exemplifies Standex's stable financial performance and ability to return profits to shareholders. Since transitioning into a public corporation back in November 1964, Standex has prioritized consistent dividend payments, establishing a legacy of reliability and trust in the eyes of investors.
Dividend Payment Timeline
The declared dividend is scheduled for distribution on November 22, 2024, and it will be paid to all shareholders who are on record as of November 8, 2024. This efficient dividend schedule showcases how Standex values its investors by ensuring a timely return on their investments.
About Standex International Corporation
Standex International Corporation operates as a global multi-industry manufacturer, boasting a well-rounded portfolio that spans across five significant business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. Its reach extends far and wide, with operations present in numerous countries including the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China.
Commitment to Innovation and Quality
Standex remains committed to maintaining its high standards of innovation and quality across all business sectors. By investing in advanced manufacturing technologies and processes, the company continually works towards enhancing product offerings while optimizing operational efficiency.
Future Growth Potential
With the ongoing expansion into emerging markets and continuous improvement of existing operations, Standex International Corporation is well-positioned for future growth. The company’s strategic initiatives focus not only on meeting current market needs but also on anticipating future demands to stay ahead of the competition.
Frequently Asked Questions
What is the dividend amount declared by Standex?
Standex has declared a quarterly cash dividend of $0.32 per share.
How long has Standex been paying dividends?
Standex has been paying dividends consistently since it became a public corporation in November 1964.
When will the dividend be paid?
The dividend will be paid on November 22, 2024, to shareholders recorded on November 8, 2024.
What business segments does Standex operate in?
Standex operates in five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.
Where does Standex conduct its business operations?
Standex conducts operations across various regions, including the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China.
