Gentex Announces Eight Percent Increase in Quarterly Cash Dividend Rate for 2.7 Percent Yield

Gentex Announces Eight Percent Increase in Quarterly Cash Dividend Rate for 2.7 
Percent Yield 
ZEELAND, MI -- (Marketwire) -- 02/19/13 --  Gentex Corporation
(NASDAQ: GNTX), the Zeeland, Michigan-based manufacturer of
automatic-dimming rearview mirrors and camera-based lighting-assist
and driver-assist systems for the automotive industry, commercial
fire protection products and dimmable aircraft windows, today
announced that its Board Of Directors approved an eight percent
increase in its quarterly cash dividend rate from $0.13 (13 cents) to
$0.14 (14 cents) per share. The Board subsequently declared a
quarterly cash dividend of $0.14 per share that will be payable April
19, 2013, to shareholders of record of the common stock at the close
of business on April 5, 2013. The dividend yield will be
approximately 2.7 percent. 
"Despite the continued volatile global macroeconomic environment, and
particularly in Europe, our largest shipping destination, and in
light of the continuing benefit of reduced double taxation of
dividends, our Board believes that the dividend is important to
investors," said Gentex Chairman of the Board and Chief Executive
Officer Fred Bauer. "We have a history of paying out a significant
portion of our earnings in dividends -- approximately 50 percent --
and have cumulatively paid out approximately $525 million in cash
dividends since more favorable tax treatment was implemented in 2003. 
"We continue to believe that an investor-friendly dividend rate
should be meaningful, sustainable and increase over time, at a rate
generally in line with the Company's net income and operating cash
flow," said Bauer.  
The quarterly cash dividend program was implemented based on
establishment of The Jobs and Growth Tax Relief Reconciliation Act of
2003, which significantly reduced the federal income tax rate for
shareholders who receive corporate cash dividends, making the
declaration of a dividend a more tax-efficient means of returning
value to shareholders. 
Safe Harbor Statement 
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act, as amended, that are
based on management's beliefs and information currently available to
us, and are also based on assumptions and analyses made by us in
light of our experience and perception of historical trends, current
conditions and expected future developments, as well as other factors
we believe are appropriate under the circumstances. However, whether
actual results and developments will conform to our current
expectations, estimates and projections about the global automotive
industry, the economy and the Company itself is subject to a number
of risks, assumptions and uncertainties, many of which are beyond our
control, and the affects can be difficult to predict. Words like
"anticipates," "believes," "confident," "estimates," "expects,"
"forecasts," "hopes," "likely," "plans," "projects," "optimistic,"
and "should," and variations of such words and similar expressions
identify forward-looking statements. These statements do not
guarantee future performance and involve certain risks,
uncertainties, and assumptions that are difficult to predict with
regard to timing, expense, likelihood and degree of occurrence. These
risks include, without limitation, the pace of economic activity in
Europe, Asia and in the United States, employment and other general
economic conditions; worldwide automotive production; the maintenance
of the Company's market share; the ability to control costs,
including the ability to achieve purchasing and manufacturing cost
reductions, control and leverage fixed overhead costs, maintain
margins; the ability to control E,R&D and S,G&A expenses.
Additionally, these risks include competitive pricing pressures; the
mix of products purchased by customers; the market for and the
success of certain of the Company's mirror products (e.g. Rear Camera
Display, SmartBeam(R) and other camera-based driver-assist and
lighting-assist products), including vehicle model penetration and
option take rates; changes in customers' marketing strategies;
consumer confidence and the impact on production volume levels;
intellectual property litigation risk; the ability to continue to
make and sell product innovations; customer inventory management;
scheduled production shutdowns at our customers' production
facilities; currency fluctuations; interest rates; equity prices; the
financial strength/stability of the Company's customers (including
their Tier 1 suppliers); potential impact of supply chain disruptions
including but not limited to those caused by natural disasters and
any other part shortages; potential restructuring/sale of OEM
business segments or suppliers; potential customer (including their
Tier 1 suppliers) bankruptcies; and other risks identified in the
Company's other filings with the Securities and Exchange Commission.
Therefore, actual results and outcomes may materially differ from
what is expressed or forecasted. Furthermore, the Company undertakes
no obligation to update, amend, or clarify forward-looking
statements, whether as a result of new information, future events, or
otherwise. 
About the Company 
Founded in 1974, Gentex Corporation (The Nasdaq Global Select Market:
GNTX) is the leading supplier of automatic-dimming rearview mirrors
and camera-based lighting-assist and driver-assist systems to the
global automotive industry. The Company also provides commercial
smoke alarms and signaling devices to the North American fire
protection market, as well as dimmable aircraft windows for the
commercial, business and general aviation markets. Based in Zeeland,
Michigan, the international Company develops, manufactures and
markets interior and exterior automatic-dimming automotive rearview
mirrors that utilize proprietary electrochromic technology to dim in
proportion to the amount of headlight glare from trailing vehicle
headlamps. More than half of the Company's interior mirrors are sold
with advanced electronic features, and more than 98 percent of the
Company's net sales are derived from the sale of auto-dimming mirrors
to every major automaker in the world. Visit the Company's web site
at www.gentex.com. 
CONTACT:
Connie Hamblin
616/772-1800
WEBSITE: www.gentex.com 
 
 
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