IDEX Corporation

IDEX Corporation is a diversified maker of fluidics, dispensing and precision engineering products, supplying pumps, flow meters, dispensing equipment and specialised components across industrial, scientific and safety markets. It grows through a disciplined acquisition strategy, building a portfolio of niche businesses that hold strong positions in small but defensible markets. IDEX has paid and increased its dividend for decades, backed by high margins and reliable free cash flow from its engineered products. The yield is low, so this is not an income stock in the traditional sense; the appeal lies in a long, consistent record of dividend growth compounding alongside the business. That combination of quality and steady increases underpins its strong score.