Gentex (NASDAQ:GNTX) Is Due To Pay A Dividend Of US$0.12
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Summary:
Gentex Corporation (NASDAQ:GNTX) has announced that it will pay a dividend of US$0.12 per share on the 21st of July. This payment means that the dividend yield will be 1.4%, which is around the industry average.
View our latest analysis for Gentex Gentex's Dividend Is Well Covered By Earnings
We like a dividend to be consistent over the long term, so checking whether it is sustainable is important. However, prior to this announcement, Gentex's dividend was comfortably covered by both cash flow and earnings. This means that most of its earnings are being retained to grow the business.
Looking forward, earnings per share is forecast to rise by 37.8% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 25% by next year, which is ...
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