Strattec Security Corp. (STRT) Plans Quarterly Dividend of $0.14
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 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Monday, December 17th.
Strattec Security has raised its dividend payment by an average of 6.8% per year over the last three years.
STRT traded up $0.05 on Thursday, reaching $30.30. The company had a trading volume of 17,925 shares, compared to its average volume of 9,439. The firm has a market capitalization of $113.08 million, a PE ratio of 8.11 and a beta of 1.28. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.26. Strattec Security has a one year low of $29.29 and a one year high of $46.40.
In other Strattec Security 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 completion of the sale, the vice president now directly owns 15,408 shares of the company’s stock, valued at $462,856.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.10% of the stock is currently owned by corporate insiders.
Separately, ValuEngine lowered shares of Strattec Security from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th.
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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.
See Also: Cost of Equity
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