IDEX Corporation (NYSE: IEX) has made significant announcements regarding its share repurchase authorization and regular quarterly cash dividend. The company's board of directors has increased the share repurchase authorization to $1 billion, up from approximately $440 million as of June 30, 2025. This substantial increase highlights the confidence the company has in its growth strategy and its ability to consistently generate strong free cash flow.
For the full year 2025, IDEX Corporation expects to return at least 70% of its free cash flow to shareholders through dividends and share repurchases. The company's President and CEO, Eric D. Ashleman, emphasized a dynamic approach to capital allocation, with a focus on investing in growth opportunities while returning capital to shareholders. In the first half of 2025 alone, IDEX Corporation accelerated its buyback activity, repurchasing over $100 million of its shares.
The board of directors also approved a regular quarterly cash dividend of $0.71 per common share, which will be paid on October 24, 2025, to shareholders of record as of October 10, 2025. This marks the company's 124th consecutive regular quarterly cash dividend payment.
It's important to note that the newly announced increase in the share repurchase authorization does not obligate the company to repurchase any specific dollar amount or number of shares of common stock. The share authorization may be suspended or discontinued at any time.
These announcements reflect IDEX Corporation's commitment to delivering value to its shareholders and its confidence in its growth prospects. Following these announcements, the company's shares moved 1.42%, and are now trading at a price of $161.86. If you want to know more, read the company's complete 8-K report here.
