IDEX (IEX) Declares $0.17 Quarterly Dividend; 1.8% Yield; Increases Buyback by $50M
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IDEX Corp. (NYSE: IEX) declared a quarterly dividend of $0.17 per share, or $0.68 annualized.
The dividend will be payable on January 31, 2012, to stockholders of record on January 13, 2012, with an ex-dividend date of January 11, 2012.
The annual yield on the dividend is 1.8 percent.
The company also announced that its Board of Directors increased the authorized level for repurchases of its common stock by approximately $50 million. The increased authorization will be added to the approximately $75 million that remains available from the existing authorization approved by the Board of Directors in April 2008, resulting in a total authorized repurchase amount of $125 million.
The dividend will be payable on January 31, 2012, to stockholders of record on January 13, 2012, with an ex-dividend date of January 11, 2012.
The annual yield on the dividend is 1.8 percent.
The company also announced that its Board of Directors increased the authorized level for repurchases of its common stock by approximately $50 million. The increased authorization will be added to the approximately $75 million that remains available from the existing authorization approved by the Board of Directors in April 2008, resulting in a total authorized repurchase amount of $125 million.
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