Standex International Corporation (SXI) Plans Quarterly Dividend of $0.16
Standex International Corporation (NYSE:SXI) announced a quarterly dividend on Thursday, July 27th, RTT News reports. Stockholders of record on Monday, August 7th will be paid a dividend of 0.16 per share by the industrial products company on Thursday, August 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, August 3rd.
Standex International Corporation has increased its dividend payment by an average of 19.5% annually over the last three years and has raised its dividend every year for the last 7 years. Standex International Corporation has a dividend payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Standex International Corporation to earn $5.49 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 11.7%.
Shares of Standex International Corporation (NYSE:SXI) traded up 1.25% during mid-day trading on Friday, hitting $93.35. 33,723 shares of the stock traded hands. Standex International Corporation has a 12 month low of $74.35 and a 12 month high of $101.24. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 27.01 and a beta of 1.54. The firm has a 50 day moving average of $92.69 and a 200 day moving average of $92.81.
A number of analysts recently issued reports on the stock. BidaskClub raised shares of Standex International Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. FBR & Co reissued an “outperform” rating on shares of Standex International Corporation in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Standex International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Sidoti upgraded shares of Standex International Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $103.00 to $115.00 in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Standex International Corporation currently has a consensus rating of “Hold” and an average target price of $108.50.
About Standex International Corporation
Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.
Receive News & Ratings for Standex International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.