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Alberto Abaterusso
Alberto Abaterusso
Articles (1556) 

2 Companies Announce Quarterly Dividends

Heartland Express, Gentex have rewarded shareholders since 2003

June 12, 2019 | About:

The following long-term dividend payers announced quarterly dividends on June 11.

Shares of Heartland Express Inc. (NASDAQ:HTLD) were up 0.43% at $18.73 on Tuesday following the announcement of a quarterly dividend of 2 cents per share, which was in line with the previous payment.

On July 1, the North Liberty, Iowa-based haul truckload carrier will pay the dividend to shareholders of record as of June 21. The ex-dividend date is scheduled for June 20. It is the company's second dividend payment this year.

Based on Tuesday's closing price, the quarterly dividend leads to a forward dividend yield of 0.43%, which is below the industry median of 2.66% and is ranked lower than 964 out of 1,000 companies operating in the trucking industry.

Heartland Express has regularly paid dividends since December 2003. The dividend growth was flat over the last five years.

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Shares of Heartland Express increased 2.72% this year, but are underperforming the Nasdaq Composite index by 15.2%. The 52-week range is $17 to $21.66. As of June 11, the stock had a market capitalization of $1.54 billion, a price-earnings ratio of 20.13 versus the industry median of 15.94 and a price-sales ratio of 2.51 compared to the industry median of 1.03.

The Peter Lynch chart indicates the stock is not cheap.

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Wall Street issued an underweight recommendation rating for shares of Heartland Express with an average target price of $18.67.

Shares of Gentex Corp. (NASDAQ:GNTX) were down 0.38% at $23.84 at close on Tuesday after the company announced a quarterly dividend of 11.5 cents per common share to be paid on July 24. The record date is July 10, and the ex-dividend date is scheduled for July 9. This will be the third dividend payment of the year.

Based on Tuesday 's closing price, the Zeeland, Michigan-based provider of auto parts has a forward dividend yield of 1.92%, which is below the industry median of 2.79%. Gentex’s forward dividend yield is ranked lower than nearly 884 out of 1,413 companies that operate in the auto parts industry.

Gentex has regularly paid dividends since December 2003. The yearly dividend per share fell 1.1% on average every 12 months over the last 60 months through April.

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The stock has gained nearly 18% so far this year, in line with the Nasdaq Composite index. The 52-week range is $17.8 to $25.41. The stock had a market capitalization of $6.09 billion, a price-earnings ratio of 14.64 compared to the industry median of 13.25 and a price-sales ratio of 3.44 versus the industry median of 0.63.

The Peter Lynch chart indicates shares of Gentex are not overvalued.

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Wall Street issued a hold recommendation rating for shares of Gentex with an average target price of $21.43.

Disclosure: I have no positions in any securities mentioned.

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About the author:

Alberto Abaterusso
If somebody asks what being a value investor means, Alberto Abaterusso would answer, “The value investor is not just the possessor of the security that represents the company, but he is the owner of that company. As an owner of the company the value investor is actively involved in the dynamics of that company and his first concern is how to have sales progressively growing. Also, the value investor is probably one of the most demanding persons in the world concerning sales.”

Abaterusso is a freelance writer based in The Netherlands. He primarily writes about gold, silver and precious metals mining stocks. His articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. Alberto holds an MBA from Università degli Studi di Bari (Italy), Aldo Moro.

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