IDEX Corporation Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

IDEX Corporation (NYSE:IEX) has announced a quarterly cash dividend of $0.54 per share, payable on January 28, 2022, to shareholders of record as of January 14, 2022. This marks the 109th consecutive quarterly cash dividend payment from the company. IDEX operates over 40 businesses globally, with approximately $2.5 billion in sales and more than 7,000 employees, providing essential components used in various life-saving and everyday applications.

Positive

• Quarterly cash dividend of $0.54 per share enhances shareholder income.
• 109th consecutive dividend payment indicates strong financial stability.

Negative

• None.

NORTHBROOK, Ill.--(BUSINESS WIRE)-- IDEX CORPORATION (NYSE:IEX) today announced that its Board of Directors has approved a regular quarterly cash dividend of $0.54 per common share. This dividend will be paid January 28, 2022 to shareholders of record as of January 14, 2022. This dividend represents the company’s 109^th consecutive regular quarterly cash dividend payment.

About IDEX

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call over 40 diverse businesses around the world part of the IDEX family. With more than 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global company with nearly $2.5 billion in sales, committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.

For further information on IDEX Corporation and its business units, visit the company’s website at www.idexcorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211110006404/en/

William K. Grogan

Senior Vice President

Chief Financial Officer

847.498.7070

Source: IDEX Corporation

FAQ

What is the dividend amount for IEX?

IDEX Corporation has declared a dividend of $0.54 per share.

When will IDEX pay its dividend?

The dividend will be paid on January 28, 2022.

What is the record date for IDEX's dividend?

The record date for the dividend is January 14, 2022.

How many consecutive dividends has IDEX declared?

IDEX has declared its 109th consecutive quarterly cash dividend.

Is the dividend sustainable for IDEX?

The announcement of consistent dividend payments suggests a strong financial position, but ongoing assessment is necessary.