Why NYSE:IEX qualifies as a good dividend investing stock.

Last update: Jul 23, 2024

Consider IDEX CORP (NYSE:IEX) as a top pick for dividend investors, identified by our stock screening tool. NYSE:IEX shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

A Closer Look at Dividend for NYSE:IEX

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:IEX scores a 7 out of 10:

Compared to an average industry Dividend Yield of 1.66, IEX pays a bit more dividend than its industry peers.
The dividend of IEX is nicely growing with an annual growth rate of 8.58%!
IEX has paid a dividend for at least 10 years, which is a reliable track record.
IEX has not decreased their dividend for at least 10 years, which is a reliable track record.
IEX pays out 33.53% of its income as dividend. This is a sustainable payout ratio.
The dividend of IEX is growing, but earnings are growing more, so the dividend growth is sustainable.

ChartMill's Evaluation of Health

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:IEX, the assigned 8 reflects its health status:

An Altman-Z score of 6.24 indicates that IEX is not in any danger for bankruptcy at the moment.
IEX has a better Altman-Z score (6.24) than 84.50% of its industry peers.
The Debt to FCF ratio of IEX is 2.06, which is a good value as it means it would take IEX, 2.06 years of fcf income to pay off all of its debts.
IEX's Debt to FCF ratio of 2.06 is amongst the best of the industry. IEX outperforms 82.95% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that IEX is not too dependend on debt financing.
A Current Ratio of 3.37 indicates that IEX has no problem at all paying its short term obligations.
IEX has a better Current ratio (3.37) than 79.84% of its industry peers.
A Quick Ratio of 2.45 indicates that IEX has no problem at all paying its short term obligations.
IEX has a better Quick ratio (2.45) than 79.84% of its industry peers.

A Closer Look at Profitability for NYSE:IEX

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:IEX, the assigned 8 is a significant indicator of profitability:

IEX has a Return On Assets of 9.81%. This is amongst the best in the industry. IEX outperforms 80.62% of its industry peers.
IEX has a Return On Equity of 15.96%. This is in the better half of the industry: IEX outperforms 71.32% of its industry peers.
The Return On Invested Capital of IEX (10.41%) is better than 72.87% of its industry peers.
Looking at the Profit Margin, with a value of 17.89%, IEX belongs to the top of the industry, outperforming 93.80% of the companies in the same industry.
IEX's Profit Margin has improved in the last couple of years.
IEX's Operating Margin of 22.34% is amongst the best of the industry. IEX outperforms 94.57% of its industry peers.
The Gross Margin of IEX (44.03%) is better than 87.60% of its industry peers.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

For an up to date full fundamental analysis you can check the fundamental report of IEX

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.