Gentex Co. (NASDAQ:GNTX) to Issue Quarterly Dividend of $0.12

Gentex Co. (NASDAQ:GNTX - Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Wednesday, April 9th will be given a dividend of 0.12 per share by the auto parts company on Wednesday, April 23rd. This represents a $0.48 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Wednesday, April 9th.

Gentex has a dividend payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.5 %

NASDAQ:GNTX traded down $0.13 during mid-day trading on Monday, hitting $24.19. 2,263,047 shares of the stock traded hands, compared to its average volume of 1,940,289. The firm's 50 day moving average is $26.70 and its two-hundred day moving average is $28.90. Gentex has a 52 week low of $24.03 and a 52 week high of $37.58. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.84 and a beta of 0.91.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the previous year, the company posted $0.50 earnings per share. As a group, research analysts predict that Gentex will post 2.04 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on GNTX shares. JPMorgan Chase & Co. dropped their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. UBS Group decreased their price objective on Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. B. Riley reiterated a "buy" rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim dropped their target price on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, November 21st. Finally, Robert W. Baird set a $31.00 price target on shares of Gentex in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $32.31.

About Gentex

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.