Standex International: Dividend Insights
Portfolio Pulse from Benzinga Insights
Standex International (NYSE:SXI) has announced a quarterly dividend of 30 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 30 cents lower. Shareholders who own SXI as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 22, 2023.
November 02, 2023 | 2:45 pm
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Standex International's announcement of a 30 cents per share dividend may cause the stock to open lower on Tuesday when it goes ex-dividend. However, this is a regular part of the dividend process and not necessarily a negative indicator.
When a stock goes ex-dividend, it typically opens lower to reflect the payout. This is a normal part of the dividend process and does not necessarily indicate a negative outlook for the stock. Investors who hold the stock as of the end of Monday's session will receive the dividend, providing them with a return on their investment.
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