Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
IDEX Corporation (NYSE: IEX) is a global industrial company that designs and manufactures highly engineered products and solutions for critical applications across fluidics, health and science technologies, fire and safety, and industrial markets. The company operates primarily in the industrial manufacturing, life sciences, water and fluid management, and fire protection industries, serving customers that require precision, reliability, and regulatory compliance.
IDEX’s revenue is driven by specialized, high-value components and systems rather than commoditized products, giving it strong pricing power and recurring aftermarket demand. The company’s strategic advantage lies in its decentralized operating model, continuous improvement culture, and focus on niche markets with high switching costs. Founded in 1988 and headquartered in Lake Forest, Illinois, IDEX has grown through a combination of organic innovation and disciplined acquisitions, evolving into a diversified industrial technology leader.
Business Operations
IDEX organizes its operations into three primary business segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety / Diversified Products. These segments encompass a portfolio of specialized businesses that manufacture pumps, valves, flow meters, optical and fluidic components, diagnostic instruments, and fire suppression equipment. Revenue is generated through direct product sales, long-term customer relationships, and aftermarket service and replacement parts.
The company operates manufacturing and sales facilities across multiple regions, with a strong presence in both domestic and international markets. IDEX controls proprietary technologies in precision fluid handling, optics, and materials science, which are embedded in mission-critical customer processes. Its portfolio includes numerous wholly owned subsidiaries operating under distinct brands, and the company maintains selective partnerships with distributors and OEM customers rather than relying on large-scale joint ventures.
Strategic Position & Investments
IDEX’s strategy emphasizes disciplined capital allocation, focusing on organic growth, continuous operational improvement, and targeted acquisitions that expand its technology base or market access. The company consistently invests in research and development to enhance product performance and address emerging customer needs in areas such as laboratory automation, medical diagnostics, and sustainable water management.
Acquisitions play a central role in IDEX’s long-term growth, with the company acquiring niche businesses that align with its decentralized model and margin profile. Notable acquired companies have been integrated into existing segments while retaining operational autonomy. IDEX is also exposed to emerging technologies through its Health & Science Technologies segment, particularly in life sciences instrumentation, analytical tools, and precision fluidics used in advanced research and medical applications.
Geographic Footprint
IDEX is headquartered in North America and maintains a significant global footprint across Europe, Asia-Pacific, Latin America, and the Middle East. The United States represents its largest single market, but a substantial portion of revenue is generated internationally through manufacturing plants, sales offices, and distribution networks.
The company’s international presence supports customers in regulated and infrastructure-intensive markets, including water utilities, pharmaceutical manufacturers, and industrial OEMs. IDEX’s global operating model allows it to localize production and service while leveraging centralized corporate functions and shared best practices across regions.
Leadership & Governance
IDEX is led by an experienced executive team with a strong emphasis on decentralized decision-making, accountability, and long-term value creation. The leadership philosophy prioritizes operational excellence, customer intimacy, and disciplined growth, consistent with the company’s long-standing culture.
Key executives include:
- Eric D. Ashleman – President and Chief Executive Officer
- Akash K. Shah – Senior Vice President and Chief Financial Officer
- Seth H. Boro – Senior Vice President and Chief Human Resources Officer
- Abhijit Bhattacharya – Senior Vice President and President, Health & Science Technologies
- Darren W. Krebs – Senior Vice President and President, Fluid & Metering Technologies