SPX Corporation Announces Quarterly Dividend

CHARLOTTE, N.C., Feb. 27, 2014 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on April 2, 2014 to shareholders of record on March 14, 2014. This reflects a 50% increase in the annual dividend to $1.50 per share, paid quarterly, which was approved by the Board of Directors on February 10, 2014.

Based in Charlotte, North Carolina, SPX Corporation (NYSE: SPW) is a global Fortune 500 multi-industry manufacturing leader with approximately $5 billion in annual revenue, operations in more than 35 countries and over 14,000 employees. The company's highly-specialized, engineered products and technologies are concentrated in Flow Technology and energy infrastructure. Many of SPX's innovative solutions are playing a role in helping to meet rising global demand for electricity and processed foods and beverages, particularly in emerging markets. The company's key products include food processing systems for the food and beverage industry, critical pumps and valves used in oil & gas processing, power transformers used by utility companies, and heat transfer technology for power plants. For more information, please visit www.spx.com.

SOURCE SPX Corporation

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