Gentex Corporation (NASDAQ:GNTX) Declares $0.12 Quarterly Dividend

Gentex Corporation (NASDAQ:GNTX – Get Free Report) declared a quarterly dividend on Friday, May 29th. Shareholders 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) dividend on an annualized basis 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. 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%.

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Gentex Stock Up 0.3%

Shares of NASDAQ GNTX traded up $0.08 during midday trading on Friday, hitting $24.16. The stock had a trading volume of 2,787,265 shares, compared to its average volume of 2,232,101. The stock has a 50 day simple moving average of $22.54 and a 200-day simple moving average of $23.08. The company has a market capitalization of $5.14 billion, a PE ratio of 13.57 and a beta of 0.78. Gentex has a 1 year low of $20.48 and a 1 year high of $29.38.

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

Gentex Company Profile

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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).

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