Standex International Corporation (NYSE:SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $.12 per share, which is payable November 25, 2014 to shareholders of record November 10, 2014. The Company’s previous quarterly cash dividend was $0.10 per share.
The dividend is the Company’s 201ST consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a public corporation in November 1964.
“The decision to increase our quarterly dividend reflects the continued strength of Standex’s balance sheet and the Board’s confidence in our growth strategy and the outlook for our business1,” said President and CEO David Dunbar.
About Standex
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Engineering Technologies Group, Engraving Group, Electronics Products Group, and Hydraulics Products Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, India and China. For additional information, visit the Company's website at www.standex.com.
1 Safe Harbor Language
Statements
in this news release include, or may be based upon, management's current
expectations, estimates and/or projections about Standex's markets and
industries. These statements are forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995. Actual
results may materially differ from those indicated by such
forward-looking statements as a result of certain risks, uncertainties
and assumptions that are difficult to predict. Among the factors that
could cause actual results to differ are the impact of implementation of
government regulations and programs affecting our businesses, unforeseen
legal judgments, fines or settlements, uncertainty in conditions in the
financial and banking markets, general domestic and international
economy including more specifically increases in raw material costs, the
ability to substitute less expensive alternative raw materials, the
heavy construction vehicle market, the new residential construction
market, the ability to continue to successfully implement productivity
improvements, increase market share, access new markets, introduce new
products, enhance our presence in strategic channels, the successful
expansion and automation of manufacturing capabilities and
diversification efforts in emerging markets, the ability to continue to
achieve cost savings through lean manufacturing, cost reduction
activities, and low cost sourcing, effective completion of plant
consolidations, successful completion and integration of future
acquisitions and the other factors discussed in the Annual Report of
Standex on Form 10-K for the fiscal year ending June 30, 2014, which is
on file with the Securities and Exchange Commission, and any subsequent
periodic reports filed by the Company with the Securities and Exchange
Commission. In addition, any forward-looking statements represent
management's estimates only as of the day made and should not be relied
upon as representing management's estimates as of any subsequent date.
While the Company may elect to update forward-looking statements at some
point in the future, the Company and management specifically disclaim
any obligation to do so, even if management's estimates change.
Contacts:
Thomas DeByle,
603-893-9701
CFO
InvestorRelations@Standex.com