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SPX declares 25-cent dividend

SPX Corp., which owns the Rochester-based manufacturers Lightnin Corp. and Kayex Corp., Wednesday declared a quarterly dividend of 25 cents a share.
The dividend is payable on Jan. 1 to shareholders of record on Dec. 10, officials said. The company’s stock (NYSE: BOL) was trading at $43.45, up more than 1 percent, at 1 p.m.
SPX on Nov. 15 said it had signed an agreement to sell its Edwards Systems Technology to General Electric for nearly $1.4 billion. SPX intends to use the net proceeds from the transaction to pay down debt and buy back equity.

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