Strattec Security Corp. (STRT) Announces $0.14 Quarterly Dividend
Strattec Security Corp. (NASDAQ:STRT) declared a quarterly dividend on Thursday, December 6th, Wall Street Journal reports. Investors of record on Tuesday, December 18th will be paid a dividend of 0.14 per share by the auto parts company on Friday, December 28th. This represents a $0.56 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Monday, December 17th.
Strattec Security has increased its dividend payment by an average of 6.8% annually over the last three years.
Shares of NASDAQ:STRT opened at $31.51 on Friday. The stock has a market cap of $117.80 million, a P/E ratio of 8.45 and a beta of 1.28. Strattec Security has a 12 month low of $29.29 and a 12 month high of $46.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.51 and a current ratio of 2.15.
Separately, ValuEngine downgraded shares of Strattec Security from a “sell” rating to a “strong sell” rating in a report on Thursday, October 11th.
In related news, VP Brian J. Reetz sold 2,914 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $30.04, for a total transaction of $87,536.56. Following the transaction, the vice president now directly owns 15,408 shares in the company, valued at approximately $462,856.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.10% of the company’s stock.
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Strattec Security Company Profile
Strattec Security Corporation engages in the design, development, manufacture, and marketing of automotive access control products under the VAST brand primarily in the United States. The company offers mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles, and related products.
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