IDEX Corporation Announces Regular Cash Dividend for Shareholders
IDEX Corporation Declares Regular Quarterly Cash Dividend
IDEX CORPORATION (NYSE: IEX) has announced an exciting update for its shareholders as the company's Board of Directors has approved a quarterly cash dividend amounting to $0.69 per share. This generous dividend is set to be distributed on October 25, with a record date for shareholders being October 11. This significant payout represents the company's remarkable achievement as it marks the 120th consecutive quarterly cash dividend delivered to its investors.
Significance of the Dividend Announcement
The announcement of a quarterly cash dividend reflects IDEX Corporation's ongoing commitment to returning value to its shareholders. Such dividends are a strong indicator of a company's financial health and its ability to generate profits consistently. With IDEX sustaining this practice over a prolonged period, it emphasizes their stability in earnings and operational effectiveness.
About IDEX Corporation
IDEX Corporation (NYSE: IEX) stands as a prominent figure in the design and manufacturing of engineered products across various sectors. The company primarily focuses on developing mission-critical components that enhance daily life globally. IDEX’s precision components are employed in numerous applications, including critical microchips for electronics, water treatment systems that ensure safe drinking water, and advanced pumps facilitating challenging fluid movements.
Innovative Solutions Offered by IDEX
One of the standout attributes of IDEX is its innovation in developing technologies that significantly impact multiple industries. Their optics contribute to vital communications, even extending into outer space, while the pumps they manufacture can manage a wide array of fluids, from extremely hot to highly viscous. IDEX also plays a crucial role in healthcare, with many of their components integrated into essential diagnostic machines used to personalize patient treatments.
Global Impact and Operations
Founded in 1988, IDEX began with three small entrepreneurial companies and has since grown into a global entity encompassing over 50 diverse businesses across various markets. The organization boasts a workforce of around 8,800 employees and maintains manufacturing operations in more than 20 countries. With an impressive annual revenue exceeding $3.3 billion, IDEX exemplifies what it means to be a diversified, high-performing corporation.
Commitment to Safety and Community
IDEX’s contributions extend beyond industrial applications as they are also recognized for their critical role in public safety and emergency response. Their renowned Hurst Jaws of Life equipment is a trusted tool among rescue workers globally, aiding in saving lives during emergencies. This dedication to community safety ensures that IDEX continues to live out its mission of delivering 'Trusted Solutions, Improving Lives'.
Looking Ahead
As IDEX Corporation continues to innovate and expand, shareholders and stakeholders alike can look forward to more impactful solutions and consistent financial returns. The recent dividend announcement underscores their robust business model and commitment to enhancing shareholder value. Observing how IDEX navigates future challenges while maintaining its core values will be enlightening for investors and industry observers.
Frequently Asked Questions
What is the amount of the quarterly cash dividend announced by IDEX Corporation?
The quarterly cash dividend announced by IDEX Corporation is $0.69 per share.
When will the dividend be paid?
The dividend will be paid on October 25 to shareholders on record as of October 11.
How many consecutive dividends has IDEX paid?
IDEX has paid 120 consecutive regular quarterly cash dividends.
What types of products does IDEX Corporation manufacture?
IDEX manufactures engineered products and mission-critical components across sectors such as electronics, healthcare, and emergency response.
How has IDEX Corporation evolved since its founding?
Since its founding in 1988, IDEX has grown from three small companies to more than 50 diverse businesses operating globally.
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