IDEX Corporation (IEX) To Go Ex-Dividend on January 13th

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

IDEX has raised its dividend payment 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 32.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:IEX opened at $237.79 on Friday. The company has a 50-day simple moving average of $230.78 and a 200-day simple moving average of $217.74. IDEX has a one year low of $160.60 and a one year high of $243.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.95 and a current ratio of 2.78. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.68 and a beta of 0.95.

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

IDEX Company Profile

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.