IDEX Corporation (NYSE:IEX) Shareholders to Collect $0.73 Quarterly Dividend

IDEX Corporation (NYSE:IEX) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Wednesday, January 13th will be paid a dividend of $0.73 per share by the industrial products company on Wednesday, January 27th. This represents a $2.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, January 13th.

IDEX has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 16 consecutive years. IDEX has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Analysts expect IDEX to earn $9.78 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 29.9%.

IDEX Stock Performance

Shares of NYSE IEX opened at $239.93 on Thursday. The firm has a 50 day moving average of $230.52 and a 200 day moving average of $217.53. The company has a current ratio of 2.78, a quick ratio of 1.95 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. IDEX has a 12-month low of $160.60 and a 12-month high of $243.80.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.09. The business had revenue of $951.70 million during the quarter, compared to analysts’ expectations of $934.36 million. IDEX had a return on equity of 16.18% and a net margin of 14.65%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.03 earnings per share. On average, research analysts anticipate that IDEX will post 8.95 earnings per share for the current year.

About IDEX

IDEX Corporation is a diversified manufacturer of engineered products and technologies used in industrial, life sciences, fire and safety, and other specialized markets. Its offerings include pumps, valves, flow meters and dispensing equipment, as well as components and instruments used in fluidics, medical technology and scientific applications. The company also supplies fire and rescue equipment, including tools and water-handling products. IDEX serves customers around the world through its operating businesses, which sell products for applications ranging from manufacturing and energy to healthcare and emergency response.