IDEX Corporation Raises Dividend for 30th Straight Year

IDEX Corporation (IEX) increased its quarterly dividend to $0.73 per share from $0.71, a 2.82% rise, extending its run of consecutive annual dividend growth to 30 years.

The new dividend carries an ex-dividend date of May 22, 2026. On an annualized basis, the payout is $2.92 per share, implying a forward annual yield of 1.31% based on the locked share price of $222.14.

The increase keeps IDEX in a relatively small group of industrial companies with multi-decade dividend growth records. SmarterDividends assigns the company a dividend safety score of 94 out of 100, equivalent to an A grade. The locked facts show no prior dividend cut year.

Business context

IDEX is an industrial company in the Industrials sector. Its businesses make specialized engineered products, including fluidics systems, optics systems, fire and rescue equipment and other industrial components, according to company background compiled from public filings and profile data. The company is headquartered in Northbrook, Illinois, and is listed as an S&P 500 component. Source

The company’s dividend record has been built through regular annual increases rather than a high current yield. In a prior dividend announcement covered by The Wall Street Journal, IDEX characterized its dividend as a regular quarterly cash dividend and noted the continuity of its quarterly payments. Source

IDEX’s operating backdrop remains tied to demand across diversified industrial and technology-oriented end markets. Public company profile information describes its portfolio as spanning fluid and metering technologies, health and science technologies, and fire, safety and diversified products. That spread gives the dividend a base across multiple industrial niches rather than a single commodity or end-market cycle. Source

What it means for income investors

For income-focused holders, the key point is continuity. The latest increase raises the cash income rate modestly while preserving a 30-year dividend growth record. The forward yield of 1.31% is not unusually high for an industrial dividend stock, so the event is more notable for the durability of the payout record and the company’s dividend safety profile than for current income alone.

The next marker for shareholders is the May 22, 2026 ex-dividend date, which determines eligibility for the newly increased quarterly payment under the declared schedule.