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NORTHBROOK, Ill. - IDEX Corporation (NYSE:IEX) announced Tuesday that its Board of Directors has approved a regular quarterly cash dividend of $0.71 per common share. The dividend will be paid on July 25, 2025, to shareholders of record as of July 11, 2025.
This payment represents IDEX’s 123rd consecutive regular quarterly cash dividend, according to the company’s press release statement.
IDEX Corporation, founded in 1988, designs and manufactures engineered products and components across various industries. The company operates more than 50 businesses globally with approximately 9,000 employees and manufacturing facilities in over 20 countries. IDEX reported annual sales of approximately $3.3 billion.
The company’s product portfolio includes precision components for electronics, water treatment equipment, pumps for handling challenging fluids, optics for satellite communications, and fire and rescue tools.
IDEX shares are traded on the New York Stock Exchange under the ticker symbol IEX.
In other recent news, IDEX Corporation reported first-quarter 2025 earnings that surpassed analyst expectations, with earnings per share (EPS) of $1.75 compared to a forecast of $1.67. The company also exceeded revenue projections, reporting $872 million against the anticipated $810.42 million. In addition to strong earnings, IDEX announced a regular quarterly cash dividend of $0.71 per share, continuing its long-standing tradition of consistent dividend payments. Shareholders approved key proposals at the company’s annual meeting, including the re-election of three directors and the appointment of Deloitte & Touche LLP as the independent accounting firm for 2025.
The company is undergoing leadership changes, with CFO Abhishek Khandelwal resigning to pursue new opportunities. Akhil Mahendra has been appointed as interim CFO while a search for a permanent replacement is conducted. Analyst firm Stifel recently raised its price target for IDEX shares to $208, maintaining a Buy rating due to solid order growth and cost reductions. Stifel analysts expressed confidence in IDEX’s platform strategy, which they believe will enhance growth and expand profit margins. These developments reflect IDEX’s ongoing strategic initiatives and financial performance.
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