Gentex Corporation declares quarterly dividend of $0.12 per share

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Gentex Intrinsic Value – Gentex Corporation($NASDAQ:GNTX) has announced that it will be paying a quarterly dividend of $0.12 per share, in line with its previous dividend payments. This means that the forward yield for Gentex stock is 1.75%. It is unclear at this time how this dividend announcement will affect Gentex’s market and earnings in the long term.

Market Price

Gentex Corporation , a leading global provider of digital vision, automatic-dimming and passive-safety products, announced today that its Board of Directors has declared a quarterly dividend of $0.12 per share. Gentex Corporation is a leading global provider of digital vision, automatic-dimming and passive-safety products. The company’s products are used in a variety of applications, including automotive, commercial and residential.

VI Analysis – Gentex Intrinsic Value

Many investors believe that a company’s fundamentals reflect its long term potential. The VI app makes it easy to analyze a company’s financials and identify key indicators of success. According to the VI Star Chart, GENTEX CORPORATION is strong in assets, dividends, and profitability, but weak in growth. However, the company has a high health score of 8/10, indicating that it is capable of sustaining future operations in times of crisis. GENTEX CORPORATION is classified as a “cow”, a type of company that has a track record of paying out consistent and sustainable dividends. Dividend-paying companies are generally considered to be less risky, as they pursue growth at a sustainable rate. According to our valuation analysis, Gentex intrinsic value is $30.55, which indicates a margin of safety of 11.5% from its current stock price of $27.05.

Summary

Gentex Corporation , a leading global supplier of digital vision, connected car, and advanced driver assistance systems , announced today that its Board of Directors has declared a regular quarterly dividend of $0.12 per share. “We are very pleased to once again announce an increase to our quarterly dividend,” said Gentex President & CEO, Steve Downing. We remain committed to returning excess cash to shareholders while simultaneously investing in long-term growth initiatives.” Gentex Corporation is a leading global supplier of digital vision, connected car, and advanced driver assistance systems . The company develops, manufactures and markets a wide range of automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry.