Standex to Pay 195th Consecutive Quarterly Dividend

Approving the payment of its quarterly cash dividend of $0.08 per share, the board of directors of multi-industry manufacturer Standex International  (NYSE: SXI  )  said the payment was its 195th consecutive payoutThe payment will be made on May 25 to shareholders of record at the close of business on May 6. Standex has paid dividends every quarter since it went public in November 1964.

The quarterly dividend annualizes to $0.32 per share and yields 0.6% at yesterday's closing price.

Standex operates in five broad business segments including food service equipment, engineering technologies, engraving, electronics products, and hydraulics products. It had revenues of $672.5 million in 2012.

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Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


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