Standex International Co. (NYSE:SXI – Get Free Report) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Investors of record on Friday, November 8th will be paid a dividend of 0.32 per share by the industrial products company on Friday, November 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.74%. This is a positive change from Standex International’s previous quarterly dividend of $0.30.
Standex International has increased its dividend payment by an average of 8.2% per year over the last three years and has increased its dividend every year for the last 13 years. Standex International has a dividend payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Standex International to earn $8.53 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 14.1%.
Standex International Stock Down 0.5 %
Shares of Standex International stock opened at $172.48 on Thursday. Standex International has a one year low of $130.04 and a one year high of $191.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69. The stock’s 50-day moving average is $175.54 and its 200 day moving average is $172.19. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 2.51 and a beta of 1.03.
Analysts Set New Price Targets
Several brokerages have issued reports on SXI. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Benchmark reiterated a “buy” rating and issued a $210.00 price target on shares of Standex International in a report on Friday, August 2nd. Finally, DA Davidson increased their price target on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a report on Monday, August 5th.
Get Our Latest Report on Standex International
About Standex International
Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.
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