Balancing Dividends and Fundamentals: The Case of NYSE:IEX.

Last update: Sep 27, 2024

Unearth the potential of IDEX CORP (NYSE:IEX) as a dividend stock recommended by our stock screening tool. NYSE:IEX maintains a robust financial footing and delivers a sustainable dividend. We'll delve into the details below.

Looking at the Dividend

ChartMill assigns a proprietary Dividend Rating to each stock. The score is computed by evaluating various valuation aspects, like the yield, the history, the dividend growth and sustainability. NYSE:IEX was assigned a score of 7 for dividend:

IEX's Dividend Yield is a higher than the industry average which is at 1.65.
On average, the dividend of IEX grows each year by 8.58%, which is quite nice.
IEX has paid a dividend for at least 10 years, which is a reliable track record.
IEX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
IEX pays out 34.03% 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.

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 9 out of 10:

An Altman-Z score of 6.45 indicates that IEX is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 6.45, IEX belongs to the best of the industry, outperforming 83.72% of the companies in the same industry.
The Debt to FCF ratio of IEX is 2.03, which is a good value as it means it would take IEX, 2.03 years of fcf income to pay off all of its debts.
IEX has a better Debt to FCF ratio (2.03) than 82.17% of its industry peers.
IEX has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
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.
IEX has a Current ratio of 3.41. This is amongst the best in the industry. IEX outperforms 81.40% of its industry peers.
IEX has a Quick Ratio of 2.52. This indicates that IEX is financially healthy and has no problem in meeting its short term obligations.
IEX has a Quick ratio of 2.52. This is amongst the best in the industry. IEX outperforms 82.17% of its industry peers.

Profitability Insights: NYSE:IEX

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:IEX has achieved a 8:

IEX has a Return On Assets of 9.83%. This is amongst the best in the industry. IEX outperforms 80.62% of its industry peers.
With a decent Return On Equity value of 15.88%, IEX is doing good in the industry, outperforming 72.09% of the companies in the same industry.
With a decent Return On Invested Capital value of 10.17%, IEX is doing good in the industry, outperforming 68.99% of the companies in the same industry.
Looking at the Profit Margin, with a value of 18.19%, IEX belongs to the top of the industry, outperforming 95.35% of the companies in the same industry.
IEX's Profit Margin has improved in the last couple of years.
IEX has a Operating Margin of 22.08%. This is amongst the best in the industry. IEX outperforms 92.25% of its industry peers.
Looking at the Gross Margin, with a value of 44.22%, IEX belongs to the top of the industry, outperforming 86.05% of the companies in the same industry.

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

Our latest full fundamental report of IEX contains the most current fundamental analsysis.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.