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Stock impact report

Gentex Announces 4% Increase in Quarterly Cash Dividend

Gentex Corporation (GNTX) 
Last gentex corporation earnings: 4/24 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.gentex.com/investor-relations
Company Research Source: GlobeNewswire
ZEELAND, Mich., March 09, 2020 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, and fire protection products, today reported that its Board of Directors recently authorized an increase of 4% to the quarterly cash dividend, raising it to $0.12 (12 cents) per share. “2019 was a challenging year for the industry, with large reductions in global light vehicle production and the strike that impacted the third and fourth quarters of 2019. Despite the end market weakness, the Company posted out-performance against our markets of approximately 7% for the year, and we believe that we are well positioned to continue outperforming our markets in the coming years,” said Steve Downing, Gentex President and CEO. “This dividend increase represents our optimism for the coming years, and marks the 10th consecutive year that the Company has increased its dividend payout.” Over the last two years, Gentex has continued to exec Show less Read more
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