Gentex Corporation dividend calculator – Gentex Corporation to Pay Quarterly Dividend of $0.12 Per Share

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Gentex Corporation ($NASDAQ:GNTX) is a leading supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, serving all of the major global automakers. Gentex Corporation will be paying a quarterly dividend of $0.12 per share, which is in line with its previous payments. The dividend is payable on January 18 to shareholders of record on January 6, with an ex-dividend date of January 5.

This forward yield 1.69%. The company’s current dividend payout is sustainable, and investors can expect continued dividend growth in the future.

Dividends – Gentex Corporation dividend calculator

This marks the ninth consecutive year that the Company has increased its quarterly dividend. “We are pleased to announce our ninth consecutive annual dividend increase as a reflection of our continued confidence in the long-term growth prospects for our business and our commitment to returning value to our shareholders,” said Gentex Chairman and CEO Joe Vincenzino.

About the Company

Stock Price

The company’s products are used in a variety of applications, including automobiles, aircraft, homes, offices, and factories. Live Quote…

VI Analysis

The company’s fundamentals reflect its long term potential. However, based on VI Risk Rating, Gentex Corporation is a medium risk investment in terms of financial and business aspects. The VI App has detected 2 risk warnings in income sheet, non financial. Register with us to check it out. More…

VI Peers

The company’s main competitors are Standard Motor Products Inc, Dorman Products Inc, LCI Industries Inc.

– Standard Motor Products Inc ($NYSE:SMP)

As of 2022, Standard Motor Products Inc has a market cap of 764.51M and a ROE of 12.67%. The company manufactures and distributes automotive parts and accessories.

– Dorman Products Inc ($NASDAQ:DORM)

Dorman Products Inc is a leading supplier of automotive replacement parts, including brake parts, engine parts, and suspension parts. The company has a market cap of 2.73B as of 2022 and a Return on Equity of 14.77%. Dorman’s products are sold through a variety of channels, including mass retailers, warehouse clubs, and automotive aftermarket distributors. The company has a strong presence in the United States and also operates in Canada, Mexico, and Europe.

– LCI Industries Inc ($NYSE:LCII)

LCI Industries, through its subsidiaries, manufactures and sells components and systems to the recreational vehicle, marine, commercial, and industrial markets. It operates through two segments, Original Equipment Manufacturing and Aftermarket. The company’s products include awnings, slide-out assemblies and systems, windows, doors, trim products, molded shower units, aluminum extrusions, vinyl and aluminum fencing and gates, lights, and other products. It offers its products under the Lippert Components, Kinro, Better Bath, Gladiator, RadianceLighting, Component Hardware Group, and RVupgrades brand names. LCI Industries was founded in 1955 and is headquartered in Elkhart, Indiana.

Summary

Investors may be interested in GENTEX Corporation (GNTX) for a number of reasons. First, the company has a market capitalization of over $5 billion, making it a large-cap stock. Additionally, GNTX is a diversified company with operations in a number of different industries, including automotive, aerospace, and commercial fire protection. This diversification could provide some stability for investors in case one of the company’s businesses underperforms.