Standex Raises Dividend 5.9% to $0.36, Extends 16-Year Streak

Standex International raised its quarterly dividend to $0.36 a share from $0.34, an increase of 5.9%. The stock trades ex-dividend on November 6, 2026, and the payment is due November 20, 2026, according to the company’s declaration. The new annual dividend is $1.44 a share.

Why the dividend changed

Standex did not attribute the increase to a single transaction or financial target. Its declaration presented the action as a regular quarterly dividend decision. No stock split, merger, spin-off or special distribution explains the higher rate.

The company’s latest results provide the operating context. Standex reported fiscal fourth-quarter organic sales growth of 7.7%, led by 12.9% organic growth in Electronics. New-product sales grew 43%, while markets the company classifies as fast-growth accounted for 31% of quarterly sales. Management also reported record order intake and said fiscal 2026 produced record adjusted earnings per share, adjusted gross margin and adjusted operating margin. Free cash flow in the fourth quarter increased from the prior-year period, while net leverage declined, according to the fiscal fourth-quarter results.

Standex’s capital-allocation framework places the dividend alongside organic investment, acquisitions and share repurchases. The company says operating cash flow funds those priorities, with debt used selectively for acquisitions. That balance is relevant because Standex acquired the remaining interest in Narayan Powertech after the fiscal year ended and is increasing investment in Electronics capacity. The company also divested Federal Industries as part of a broader portfolio simplification. Its annual filing describes the strategy as concentrating capital on larger, higher-margin businesses.

Dividend track record

The increase extends Standex’s dividend-growth streak to 16 consecutive years. The last annual cut occurred in 2009. Over the past five years, the dividend has delivered 7.8% annual growth, establishing a pattern of moderate annual increases rather than irregular large changes.

Recent payments show how that policy has been implemented. Standex paid $0.32 a quarter from November 8, 2024, through August 8, 2025, followed by $0.34 payments from November 7, 2025, through August 7, 2026. The new $0.36 rate represents the next step in that sequence.

Full-year totals rose from $0.90 in 2020 to $0.98 in 2021, $1.06 in 2022, $1.14 in 2023, $1.22 in 2024 and $1.30 in 2025. The annual increases moderated from 8.9% in 2021 to 8.2%, 7.6%, 7.0% and 6.6% in the following years. The pattern shows consistent growth at a gradually slowing rate before the latest 5.9% increase.

Is the dividend covered?

The dividend consumes 15% of earnings. That payout ratio leaves a substantial earnings buffer between the company’s profit and its cash obligation to shareholders. It also gives Standex room to fund capital projects and acquisitions without making the dividend the dominant use of earnings.

SmarterDividends rates the dividend A, with a safety score of 89. That falls within the very safe range of score 80-100. In plain terms, the low earnings payout and established growth record indicate strong current coverage, although future coverage will continue to depend on cash generation and the capital required by Standex’s expansion plans.

Yield and valuation

At a share price of $243.17, the forward dividend yield is 0.59%. That is below the Industrials sector median forward yield of 1.63%, meaning the stock provides less current dividend income than the sector benchmark despite the increase. At the new rate, 100 shares generate $144.00 in annual dividend income.

SmarterDividends’ fair-value estimate is $136.21, producing an overvalued verdict and 43% downside to fair value. That gap is a valuation comparison, not a price forecast. The shares have recorded a 1.9% loss over the past year.

What to watch

Standex is scheduled to release fiscal first-quarter 2027 results after the market closes on October 29, 2026, followed by a conference call on October 30, 2026, according to its earnings announcement. The report will provide the first update against management’s outlook for higher organic sales and continued adjusted-margin expansion.

Capital spending and cash conversion warrant attention because Standex expects a significant increase in fiscal 2027 capital expenditures, primarily for Electronics Grid capacity. Investors can also monitor integration of the remaining Narayan Powertech interest and the effect of the Federal Industries divestiture. For the dividend itself, the immediate dates are November 6, 2026, for the next ex-dividend date and November 20, 2026, for payment.