Gentex Announces Fourth Quarter 2024 Cash Dividend

Rhea-AI Summary

Gentex (NASDAQ: GNTX) has announced its fourth quarter 2024 cash dividend. The Board of Directors has declared a quarterly dividend of $0.12 per share, payable on January 22, 2025, to shareholders of record as of January 8, 2025. Gentex is a supplier of digital vision, connected car, dimmable glass, and fire protection technologies based in Zeeland, Michigan.

Positive

• Maintained quarterly dividend payment of $0.12 per share, demonstrating financial stability and commitment to shareholder returns

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement of $0.12 per share maintains Gentex's consistent dividend policy, representing an annual yield of approximately 1.6% based on current share prices. While dividend continuity signals financial stability, this routine declaration aligns with previous payouts and doesn't represent a dividend increase. The company's steady dividend payments reflect its mature business model and commitment to shareholder returns, though the relatively modest yield suggests a focus on reinvesting in growth opportunities rather than maximizing immediate shareholder distributions. The timing of the payment in January 2025 follows the company's established quarterly schedule, providing predictable income for dividend-focused investors.

ZEELAND, Mich., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable January 22, 2025, to shareholders of record of the common stock at the close of business on January 8, 2025.

About the Company
Founded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market. Visit the Company’s websites at www.gentex.com, fulldisplaymirror.com, and ir.gentex.com.

Contact Information
Gentex Investor Relations
616-931-3505

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FAQ

What is Gentex's (GNTX) dividend payment for Q4 2024?

Gentex (GNTX) declared a quarterly dividend of $0.12 per share for Q4 2024.

When is Gentex's (GNTX) Q4 2024 dividend payable?

Gentex's Q4 2024 dividend is payable on January 22, 2025, to shareholders of record as of January 8, 2025.

What is the record date for Gentex's (GNTX) latest dividend?

The record date for Gentex's latest dividend is January 8, 2025.