Gentex Corporation (GNTX) to Issue Quarterly Dividend of $0.12 on July 22nd

Gentex Corporation (NASDAQ:GNTX) declared a quarterly dividend on Friday, May 29th. Stockholders of record on Wednesday, July 8th will be paid a dividend of 0.12 per share by the auto parts company on Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, July 8th.

Gentex has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Gentex to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.1%.

Gentex Stock Up 0.3%

Shares of NASDAQ:GNTX opened at $24.16 on Friday. The firm’s 50 day moving average price is $22.61 and its 200-day moving average price is $23.09. Gentex has a twelve month low of $20.48 and a twelve month high of $29.38. The stock has a market capitalization of $5.14 billion, a PE ratio of 13.57 and a beta of 0.78.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, April 24th. The auto parts company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The firm had revenue of $675.44 million for the quarter, compared to analysts’ expectations of $649.42 million. During the same quarter in the prior year, the business earned $0.42 EPS. The business’s quarterly revenue was up 17.1% on a year-over-year basis. Analysts expect that Gentex will post 1.96 earnings per share for the current fiscal year.

About Gentex

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).