Published on 5 Feb 2024 on Simply Wall St. via Yahoo Finance

Standex International Corporation (NYSE:SXI) Looks Like A Good Stock, And It's Going Ex-Dividend...

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Standex International Corporation (NYSE:SXI) is about to go ex-dividend in just four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Meaning, you will need to purchase Standex International's shares before the 9th of February to receive the dividend, which will be paid on the 26th of February.

The company's next dividend payment will be US$0.30 per share. Last year, in total, the company distributed US$1.20 to shareholders. Last year's total dividend payments show that Standex International has a trailing yield of 0.8% on the current share price of US$149.38. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.

See our latest analysis for Standex International