IDEX (IEX) to Benefit From Business Strength Amid Headwinds

Management remains committed to rewarding shareholders through dividend payouts and share buybacks. For instance, in the first quarter of 2024, it paid dividends of $48.5 million. Also, in 2023, it distributed dividends of $190.7 million and repurchased common stocks worth $24.2 million. It announced a hike of 7.8% in its quarterly dividend rate in May 2024. However, weakness in the Health & Science Technologies (HST) segment due to softness in the life sciences, analytical instrumentation, semiconductor an ...