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

Gentex Corporation (NASDAQ:GNTX) announced a quarterly dividend on Monday, February 23rd. Investors of record on Wednesday, April 8th will be paid a dividend of 0.12 per share by the auto parts company on Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, April 8th.

Gentex has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Gentex to earn $2.15 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 22.3%.

Gentex Stock Performance

Gentex stock traded down $0.28 during mid-day trading on Wednesday, reaching $23.51. The company’s stock had a trading volume of 358,087 shares, compared to its average volume of 2,451,014. The firm’s fifty day moving average price is $23.91 and its two-hundred day moving average price is $25.12. The company has a market capitalization of $5.15 billion, a P/E ratio of 13.54 and a beta of 0.78. Gentex has a 12-month low of $20.28 and a 12-month high of $29.38.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, January 30th. The auto parts company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $644.40 million for the quarter, compared to analyst estimates of $650.90 million. Gentex had a net margin of 15.19% and a return on equity of 16.05%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. On average, research analysts predict that Gentex will post 2.04 EPS 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).