Standex Int'l Corp. (SXI) Declares $0.14 Quarterly Dividend
Standex Int'l Corp. (NYSE:SXI) announced a quarterly dividend on Friday, January 29th, MarketBeat reports. Stockholders of record on Monday, February 8th will be paid a dividend of 0.14 per share on Thursday, February 25th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 4th.
Standex Int'l Corp. (NYSE:SXI) opened at 72.22 on Friday. The stock has a market capitalization of $922.32 million and a PE ratio of 16.46. Standex Int'l Corp. has a 12-month low of $66.72 and a 12-month high of $93.10. The company’s 50-day moving average is $77.60 and its 200 day moving average is $79.66.
Separately, Zacks Investment Research cut shares of Standex Int'l Corp. from a “hold” rating to a “sell” rating in a report on Friday, November 27th.
In related news, Director Thomas E. Chorman sold 1,189 shares of Standex Int'l Corp. stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $90.85, for a total transaction of $108,020.65. Following the sale, the director now owns 9,856 shares of the company’s stock, valued at approximately $895,417.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald H. Fickenscher sold 2,000 shares of Standex Int'l Corp. stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $91.06, for a total transaction of $182,120.00. Following the sale, the director now directly owns 12,737 shares in the company, valued at approximately $1,159,831.22. The disclosure for this sale can be found here.
Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (NYSE:SXI), Electronics Products Group and Hydraulics Products Group. The Food Service Equipment business products are used throughout the entire commercial food service process. The Engraving Group is a single source texture solutions supplier for Original Equipment Manufacturers (OEMs). The ETG provides engineered parts in all workable metal alloys. The Electronics Products Group manufactures custom magnetic sensing and electromechanical components; fluid level sensors, flow, pressure, proximity, conductive and inductive sensors; electronics assemblies, and magnetic components. The Hydraulics Products Group manufactures mobile hydraulic cylinders and piston rod hydraulic cylinders.

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