Idex Stock To Go Ex-dividend Tomorrow (IEX)

NEW YORK ( TheStreet) -- The ex-dividend date for Idex Corporation (NYSE: IEX) is tomorrow, April 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $41.67 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Idex has been 387,800 shares per day over the past 30 days. Idex has a market cap of $3.44 billion and is part of the industrial goods sector and industrial industry. Shares are up 11.6% year to date as of the close of trading on Monday.

IDEX Corporation manufactures and sells various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. The company has a P/E ratio of 17.6, below the average industrial industry P/E ratio of 17.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Idex as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Idex Ratings Report.

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