SPXSY - Spirax-Sarco Maintains Its Progressive Dividend Policy In A Difficult Half
U.K.-based engineering firm Spirax-Sarco (SPXSF) (SPXSY) announced its half year results recently and the company has again raised its interim dividend, maintaining its long record. The business performance was mixed, with a significant revenue and earnings fall in its biggest division, but that looks like a pandemic-era wobble, not a harbinger of a longer-term earnings decline.
Another Dividend Rise
Spirax-Sarco is beloved by some investors because of its long history of dividend increases. With half a century of dividend increases under its belt, the company is not expected to disappoint on this score and its