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

Gentex Corporation (NASDAQ:GNTX) announced a quarterly dividend on Friday, May 29th. Stockholders of record on Wednesday, July 8th will be given 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 of this dividend is Wednesday, July 8th.

Gentex has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Gentex to earn $2.18 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 22.0%.

Gentex Price Performance

NASDAQ:GNTX opened at $24.51 on Monday. The company has a fifty day simple moving average of $24.27 and a two-hundred day simple moving average of $23.48. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 13.77 and a beta of 0.78. Gentex has a 52 week low of $20.48 and a 52 week high of $29.38.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, April 24th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, beating 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 business had revenue of $675.44 million for the quarter, compared to analysts’ expectations of $649.42 million. During the same period last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, analysts expect that Gentex will post 1.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GNTX shares. Wall Street Zen upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. boosted their target price on Gentex from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. UBS Group set a $26.00 target price on Gentex in a research note on Sunday, April 26th. Freedom Capital raised Gentex to a “strong-buy” rating in a report on Friday, March 27th. Finally, Weiss Ratings upgraded Gentex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.83.

Gentex Company Profile

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).