Is NYSE:IEX a Good Fit for Dividend Investing?

Our stock screener has singled out IDEX CORP (NYSE:IEX) as a promising choice for dividend investors. NYSE:IEX not only scores well in profitability, solvency, and liquidity but also offers a decent dividend. We'll explore this further.

ChartMill's Evaluation of Dividend

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:IEX has received a 7 out of 10:

• Compared to an average industry Dividend Yield of 1.77, 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.
• 34.03% of the earnings are spent on dividend by IEX. This is a low number and sustainable payout ratio.
• IEX's earnings are growing more than its dividend. This makes the dividend growth sustainable.

Health Insights: NYSE:IEX

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:IEX has achieved a 8 out of 10:

• IEX has an Altman-Z score of 6.07. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
• IEX's Altman-Z score of 6.07 is amongst the best of the industry. IEX outperforms 83.08% of its industry peers.
• IEX has a debt to FCF ratio of 2.03. This is a good value and a sign of high solvency as IEX would need 2.03 years to pay back of all of its debts.
• IEX has a Debt to FCF ratio of 2.03. This is amongst the best in the industry. IEX outperforms 82.31% of its industry peers.
• A Debt/Equity ratio of 0.36 indicates that IEX is not too dependend on debt financing.
• IEX has a Current Ratio of 3.41. This indicates that IEX is financially healthy and has no problem in meeting its short term obligations.
• With a decent Current ratio value of 3.41, IEX is doing good in the industry, outperforming 80.00% of the companies in the same industry.
• A Quick Ratio of 2.52 indicates that IEX has no problem at all paying its short term obligations.
• The Quick ratio of IEX (2.52) is better than 80.77% of its industry peers.

What does the Profitability looks like 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:

• With an excellent Return On Assets value of 9.83%, IEX belongs to the best of the industry, outperforming 80.77% of the companies in the same industry.
• IEX's Return On Equity of 15.88% is fine compared to the rest of the industry. IEX outperforms 72.31% of its industry peers.
• IEX has a better Return On Invested Capital (10.17%) than 70.77% of its industry peers.
• IEX has a better Profit Margin (18.19%) than 94.62% of its industry peers.
• IEX's Profit Margin has improved in the last couple of years.
• IEX's Operating Margin of 22.08% is amongst the best of the industry. IEX outperforms 92.31% of its industry peers.
• IEX's Gross Margin of 44.22% is amongst the best of the industry. IEX outperforms 86.92% of its industry peers.

More Best Dividend stocks can be found in our Best Dividend screener.

Check the latest full fundamental report of IEX for a complete fundamental analysis.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.