Standex raises cash dividend 5.9% to $0.36 a share in October
Key Facts
Standex International's board approved a quarterly cash dividend of $0.36 a share, according to the company's announcement on October 22, 2026. The company said the new dividend represents a year-over-year increase of approximately 5.9% from the dividend announced in the same month a year earlier. The board had approved a quarterly cash dividend of $0.34 a share in October 2025. The latest announcement marks the 249th consecutive quarterly cash dividend, extending its series of payments to shareholders. The dividend increase follows results for the fourth quarter of fiscal 2026, which included higher sales, adjusted earnings per share and free cash flow compared with the year-earlier period.
Standex's uninterrupted dividend record dates to its becoming a public company in November 1964, according to an earlier company statement on its quarterly payments. The company said in that statement: "Standex has paid dividends every quarter since becoming a public company in November 1964." On operating performance, results for the fourth quarter of fiscal 2026 showed net sales of $228.3 million. Net sales in the fourth quarter of fiscal 2025 were $222.0 million, according to the comparison in the earnings announcement. The company described adjusted earnings per share for the fourth quarter of fiscal 2026 as "a record $2.45, up 7.4% year over year."
On cash generation, Standex reported free cash flow of $35.0 million in the fourth quarter of fiscal 2026. That compares with free cash flow of $24.9 million in the fourth quarter of the previous fiscal year, according to the results table published on the company's website. On the balance sheet, Standex's net debt stood at $339.2 million on June 30, 2026. Net debt was $448.0 million at the end of the previous fiscal year, according to the comparison provided in the company's earnings announcement. In the stock market, the company's shares, traded under the symbol SXI, closed at $269.69 in the October 21, 2026 session preceding the dividend announcement, according to EL7 data.
For fiscal 2027, Standex expects capital expenditures of between $45 million and $55 million, according to the outlook in its earnings announcement. The company attributed the expected spending primarily to expanding production capacity at its Standex Electronics Grid business. In a change to its financial leadership, the company announced on October 19, 2026 the appointment of Samantha Stoddard as vice president, chief financial officer and treasurer. The company set December 1, 2026 as the date for Stoddard to assume her new roles. The announced cash dividend will be payable to shareholders of record on November 6, 2026, according to the board's statement. Standex is scheduled to pay the dividend to those shareholders on November 20, 2026.