IDEX Corporation (IEX) to Issue Quarterly Dividend of $0.71 on January 30th

IDEX Corporation (NYSE:IEX) announced a quarterly dividend on Thursday, November 13th. Shareholders of record on Friday, January 16th will be paid a dividend of 0.71 per share by the industrial products company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, January 16th.

IDEX has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. IDEX has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Analysts expect IDEX to earn $9.15 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 31.0%.

IDEX Price Performance

NYSE IEX opened at $187.36 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.93 and a quick ratio of 2.06. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. The company has a 50 day simple moving average of $175.35 and a 200-day simple moving average of $170.89. IDEX has a 52-week low of $153.36 and a 52-week high of $226.04.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.10. The firm had revenue of $878.70 million for the quarter, compared to analyst estimates of $861.44 million. IDEX had a net margin of 13.97% and a return on equity of 15.20%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 EPS. IDEX has set its FY 2025 guidance at 7.860-7.91 EPS. Equities research analysts predict that IDEX will post 8.26 earnings per share for the current fiscal year.

IDEX declared that its Board of Directors has authorized a stock repurchase program on Thursday, September 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

IDEX Company Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.