Gentex (NASDAQ:GNTX) is sticking to its dividend schematic. The company has declared a quarterly payout of $0.14 per share, to be paid on July 19 to stockholders of record as of July 5. That amount matches the firm's previous distribution, which was handed out in the middle of April. Prior to that, Gentex was incrementally more stingy, dispensing $0.13 per share.

Although the company is a reliable dividend payer, it tends to be cautious in terms of increasing the amount. Since mid-2005, its distribution has climbed up slowly from $0.085 to the present level.

The just-declared dividend annualizes to $0.56 per share. That yields 2.4% at Gentex's most recent closing stock price of $23.06.

Fool contributor Eric Volkman has no position in Gentex. The Motley Fool recommends and owns shares of Gentex. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.