Standex International Corporation announced on October 24, 2024, that its Board of Directors declared a quarterly cash dividend of $0.32 per share. This represents an approximately 6.7% increase compared to the dividend paid in the prior year's corresponding quarter.
The dividend is scheduled to be payable on November 22, 2024, to shareholders of record as of November 8, 2024. This marks the company's 241st consecutive quarterly cash dividend, demonstrating a long-standing commitment to returning value to shareholders.
This increase reflects Standex's confidence in its financial performance and its ability to generate consistent cash flows. Such a move often indicates a positive outlook from management regarding the company's future earnings and operational stability.
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