Strattec Security Corp. Declares Quarterly Dividend of $0.14 (NASDAQ:STRT)
Strattec Security Corp. (NASDAQ:STRT) announced a quarterly dividend on Tuesday, October 8th, Zacks reports. Investors of record on Friday, December 13th will be given a dividend of 0.14 per share by the auto parts company on Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, December 12th.
Strattec Security has raised its dividend payment by an average of 3.8% annually over the last three years.
STRT traded up $0.10 during trading hours on Thursday, reaching $19.90. The company’s stock had a trading volume of 712 shares, compared to its average volume of 6,203. Strattec Security has a 52 week low of $18.51 and a 52 week high of $37.50. The company’s 50-day moving average is $20.35 and its 200-day moving average is $24.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.98. The firm has a market cap of $75.33 million, a PE ratio of 6.99 and a beta of 1.23.
Separately, ValuEngine upgraded Strattec Security from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
About Strattec Security
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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