IDEX Corporation Increases Regular Quarterly Dividend Eight Percent

Rhea-AI Summary

IDEX CORPORATION (NYSE:IEX) has announced an 8% increase in its quarterly cash dividend, raising it to $0.54 per share. This payment, marking the company's 106th consecutive quarterly dividend, will be distributed on May 28, 2021, to shareholders of record as of May 24, 2021. With a robust operational presence in over 20 countries and a diverse portfolio of 40 businesses, IDEX continues to demonstrate its commitment to enhancing shareholder value through consistent dividend growth.

Positive

• 8% increase in quarterly cash dividend to $0.54 per share.
• 106th consecutive quarterly cash dividend payment.
• Strong operational presence with 40 diverse businesses globally.

Negative

• None.

IDEX CORPORATION (NYSE:IEX) today announced that its Board of Directors has approved an eight percent increase in the company’s regular quarterly cash dividend to $0.54 per common share. This dividend will be paid May 28, 2021 to shareholders of record as of May 24, 2021. This dividend represents the company’s 106^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 growing IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call 40 diverse businesses around the world part of the IDEX family. With 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global $2+ billion company 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/20210512005847/en/