IDEX Makes It 75 in a Row
Diversified technology machinist IDEX announced yesterday its second-quarter dividend of $0.23 per share, the same rate it paid last quarter after raising the payout 15% from $0.20 per share.
The board of directors said the quarterly dividend is payable on July 31 to the holders of record at the close of business on July 17. The machinist has made quarterly payouts to investors since 1999, making this the 75th consecutive dividend paid.
The regular dividend payment equates to a $0.92-per-share annual dividend, yielding 1.8% based on the closing price of IDEX's stock on June 24.
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