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IDEX Corporation Announces Quarterly Cash Dividend Declaration

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IDEX Corporation Declares Regular Quarterly Cash Dividend

IDEX Corporation (NYSE: IEX) has announced that its Board of Directors has approved a regular quarterly cash dividend of $0.64 per common share. Shareholders of record as of January 12, 2024, will receive this dividend on January 26, 2024. This marks the company's 117th consecutive regular quarterly cash dividend payment.

About IDEX

IDEX Corporation is a global company that manufactures thousands of products and mission-critical components that improve everyday life. From Viking® internal gear pumps used in candy factories to Hurst Jaws of Life® rescue tools used by emergency workers, IDEX products play a significant role in various industries. The company's components are even used in equipment for DNA testing in labs. With over 50 diverse businesses around the world and more than 8,500 employees, IDEX is committed to making trusted solutions that enhance lives.

Financial Performance

IDEX Corporation has a strong financial performance, with annual sales exceeding $3.1 billion. The company's shares are traded on the New York Stock Exchange under the symbol "IEX." With manufacturing operations in over 20 countries, IDEX is a high-performing global company.

Continued Growth and Commitment

IDEX Corporation remains focused on growth and innovation. As a company that values trusted solutions, IDEX is dedicated to improving lives through its products and components. With a diverse portfolio of businesses and a commitment to excellence, IDEX continues to be a leader in its industry. For more information about IDEX Corporation and its business units, please visit the company's website at www.idexcorp.com.

Implications of IDEX Corporation's Dividend Declaration on New Businesses

The announcement by IDEX Corporation (NYSE: IEX) of its 117th consecutive regular quarterly cash dividend payment, a testament to its strong financial performance, can serve as a valuable lesson for new businesses. The consistent dividend payment indicates a stable and profitable business model, a goal that every new business aspires to achieve.

Learning from IDEX's Business Model

IDEX's success is rooted in its diverse portfolio of products and mission-critical components that enhance everyday life. This diversity reduces the company's dependence on a single product or market, thereby mitigating risks. New businesses can take a leaf out of IDEX's book by diversifying their product offerings and market presence to ensure sustained growth and profitability.
Emulating IDEX's Commitment to Growth and Excellence
IDEX's commitment to growth, innovation, and excellence is another key factor behind its success. The company's focus on creating trusted solutions that improve lives reflects its customer-centric approach. New businesses can learn from this by prioritizing customer needs and continuously innovating to meet these needs. In conclusion, IDEX Corporation's regular dividend declaration, diverse business model, and commitment to growth and excellence provide valuable insights for new businesses striving for long-term success.
Story First Published at: https://financialpost.com/pmn/business-wire-news-releases-pmn/idex-corporation-declares-regular-quarterly-cash-dividend-3
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