1. Standex declared a quarterly cash dividend of $0.32 per share. 2. Dividend increases by approximately 6.7% year-on-year. 3. This marks the 242nd consecutive quarterly cash dividend. 4. Standex has paid dividends every quarter since 1964. 5. The dividend is payable on February 28, 2025.
The dividend increase indicates financial health, positively influencing investor sentiment. Historical data shows rising dividends often lead to stock appreciation.
The article is significant as it highlights a consistent dividend track, which attracts income-focused investors. Despite the good news, overall market trends will also influence SXI's performance.
The immediate impact will be seen around the dividend payout date. Past instances show quick positive reactions in price following dividend announcements.