Standex Intl raises dividend for 11th consecutive year
The next dividend is payable November 25, 2020 to shareholders of record on November 10, 2020. A new annual rate of 96 cents per share yields 1.5% at a stock price of $64. The dividend is the company's 225th consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a public corporation in November 1964.
Standex will now pay an estimated $12 million in dividends to its shareholders annually. This compares to a market cap of $792 million for the company. The average dividend growth rate in the last five years currently is 11.4 percent annually.
Standex International Corporation is a global multi-industry manufacturer in five broad business segments: Electronics, Engraving, Scientific, Engineering Technologies and Specialty Solutions with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Brazil, Turkey, South Africa, India and China.