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Gentex Announces Second Quarter 2023 Cash Dividend
ZEELAND, Mich., May 31, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car,
About this update from Gentex Corporation
[{"type":"text","content":"ZEELAND, Mich., May 31, 2023 (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 July 19, 2023, to shareholders of record of the common stock at the close of business on July 7, 2023. “Overall, our capital allocation strategy is focused on enabling the company’s growth by efficiently utilizing the free cash flow we generate,” said Kevin Nash, Gentex Corporation’s Chief Financial Officer. “Typically this means we start with funding capital expenditures and R&D, and then we utilize the balance for funding our M&A strategy, our share repurchase plan, and our dividend. With this approach, we believe we are providing shareholders with a robust, patient, tactical use of capital that will help us achieve Gentex’s long term growth targets.” About the CompanyFounded 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 gentextech.com. Safe Harbor for Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this communication that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “hope,” “intend,” “may,” “opinion,” “optimistic,” “plan,” “poised,” “predict,” “project,” “should,” “strategy,” “target,” “will,” \"work to,\" and variations of such words and similar expressions. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materiall...