Gentex Keeps Dividend Steady


Gentex is sticking to its dividend schematic. The company has declared a quarterly payout of $0.14 per share, to be paid on July 19 to stockholders of record as of July 5. That amount matches the firm's previous distribution, which was handed out in the middle of April. Prior to that, Gentex was incrementally more stingy, dispensing $0.13 per share.

Although the company is a reliable dividend payer, it tends to be cautious in terms of increasing the amount. Since mid-2005, its distribution has climbed up slowly from $0.085 to the present level.

The just-declared dividend annualizes to $0.56 per share. That yields 2.4% at Gentex's most recent closing stock price of $23.06.

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