IDEX Corporation (NYSE:IEX) Declares $0.71 Quarterly Dividend

Key Points

• IDEX Corporation has declared a quarterly dividend of $0.71 per share, with stockholders of record set to receive this payment on October 24th.
• The company has a payout ratio of 31.8%, indicating that its dividend is well-supported by its earnings, with expectations to earn $9.15 per share next year.
• IDEX shares traded up 1.6% to $162.16, with the stock's market capitalization at $12.21 billion and a P/E ratio of 26.20.

IDEX Corporation (NYSE:IEX - Get Free Report) announced a quarterly dividend on Thursday, September 18th, RTT News reports. Stockholders of record on Friday, October 10th will be given a dividend of 0.71 per share by the industrial products company on Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 1.8%.

IDEX has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 1.6%

Shares of NYSE IEX traded up $2.57 during midday trading on Thursday, reaching $162.16. 608,155 shares of the stock were exchanged, compared to its average volume of 670,366. The company has a market capitalization of $12.21 billion, a P/E ratio of 26.20, a P/E/G ratio of 1.68 and a beta of 1.02. IDEX has a 52-week low of $153.36 and a 52-week high of $238.22. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $168.25 and a 200-day moving average price of $175.15.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $2.00 by $0.07. The firm had revenue of $865.40 million for the quarter, compared to analysts' expectations of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. IDEX's revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 earnings per share. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Equities research analysts expect that IDEX will post 8.26 earnings per share for the current fiscal year.

About IDEX

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

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