Today, October 18, 2023, marks an important moment for investors of Gentex GNTX. The company will distribute a dividend payout of $0.12 per share, demonstrating an annualized dividend yield of 1.47%. Remember, only shareholders prior to the ex-dividend date on October 05, 2023 are eligible for this payout.
Gentex Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-05 | 4 | $0.12 | 1.47% | 2023-09-01 | 2023-10-06 | 2023-10-18 |
| 2023-07-06 | 4 | $0.12 | 1.8% | 2023-05-31 | 2023-07-07 | 2023-07-19 |
| 2023-04-05 | 4 | $0.12 | 1.68% | 2023-02-28 | 2023-04-07 | 2023-04-19 |
| 2023-01-05 | 4 | $0.12 | 1.69% | 2022-11-30 | 2023-01-06 | 2023-01-18 |
| 2022-10-06 | 4 | $0.12 | 1.75% | 2022-08-31 | 2022-10-07 | 2022-10-19 |
| 2022-07-07 | 4 | $0.12 | 1.59% | 2022-05-27 | 2022-07-08 | 2022-07-20 |
| 2022-04-07 | 4 | $0.12 | 1.61% | 2022-03-03 | 2022-04-08 | 2022-04-20 |
| 2022-01-06 | 4 | $0.12 | 1.38% | 2021-12-07 | 2022-01-07 | 2022-01-19 |
| 2021-10-07 | 4 | $0.12 | 1.42% | 2021-08-04 | 2021-10-08 | 2021-10-21 |
| 2021-07-08 | 4 | $0.12 | 1.38% | 2021-06-07 | 2021-07-09 | 2021-07-21 |
| 2021-04-08 | 4 | $0.12 | 1.33% | 2021-03-02 | 2021-04-09 | 2021-04-21 |
| 2021-01-07 | 4 | $0.12 | 1.43% | 2020-12-02 | 2021-01-08 | 2021-01-20 |
In terms of dividend yield, Gentex finds itself in the middle ground among its industry peers, while Phinia PHIN takes the lead with the highest annualized dividend yield at 3.57%.
Analyzing Gentex Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.46 to $0.48, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Gentex
From 2019 to 2022, Gentex experienced a decrease in earnings per share, dropping from $1.67 to $1.34. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
This article provides an in-depth analysis of Gentex's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.12 per share, resulting in an annualized dividend yield of 1.47%.
In terms of dividend yield, Gentex finds itself in the middle ground among its industry peers, while Phinia takes the lead with the highest annualized dividend yield at 3.57%.
The rising dividend per share and declining earnings per share of Gentex from 2019 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Gentex's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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