Gentex Corporation Plans Quarterly Dividend of $0.12 (NASDAQ:GNTX)

Gentex Corporation (NASDAQ:GNTX) announced a quarterly dividend on Friday, November 28th. Stockholders of record on Wednesday, January 7th will be paid a dividend of 0.12 per share by the auto parts company on Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, January 7th.

Gentex has raised its dividend by an average of 0.0%annually over the last three years. Gentex has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Gentex stock opened at $22.83 on Friday. Gentex has a 12-month low of $20.28 and a 12-month high of $31.25. The stock has a market capitalization of $5.00 billion, a PE ratio of 13.43 and a beta of 0.86. The firm has a 50 day simple moving average of $24.99 and a 200-day simple moving average of $24.78.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, October 24th. The auto parts company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $570.32 million during the quarter, compared to analyst estimates of $661.10 million. Gentex had a return on equity of 15.86% and a net margin of 15.61%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Gentex has set its FY 2025 guidance at EPS. On average, analysts forecast that Gentex will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Addison Advisors LLC acquired a new stake in shares of Gentex during the second quarter valued at approximately $25,000. Brooklyn Investment Group grew its position in Gentex by 305.7% during the 1st quarter. Brooklyn Investment Group now owns 1,217 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 917 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gentex during the 3rd quarter valued at $38,000. State of Wyoming purchased a new stake in shares of Gentex in the first quarter valued at $45,000. Finally, Steph & Co. purchased a new stake in shares of Gentex in the second quarter valued at $45,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Company Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.