Strattec Security Corp (STRT) Announces Quarterly Dividend of $0.11
Strattec Security Corp (NASDAQ:STRT) declared a quarterly dividend on Wednesday, October 9th, Analyst Ratings Net reports. Investors of record on Friday, December 13th will be given a dividend of $0.11 per share on Friday, December 27th. This represents a $0.44 dividend on an annualized basis and a yield of 1.07%.
A number of research firms have recently commented on STRT. Analysts at Sidoti initiated coverage on shares of Strattec Security Corp in a research note to investors on Thursday, October 3rd. They set a “buy” rating on the stock. On a related note, analysts at Thomson Reuters/Verus upgraded shares of Strattec Security Corp from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Robert W. Baird raised their price target on shares of Strattec Security Corp from $37.00 to $40.00 in a research note to investors on Thursday, August 8th. They now have a “neutral” rating on the stock.
Shares of Strattec Security Corp (NASDAQ:STRT) traded up 1.43% on Wednesday, hitting $41.03. 8,716 shares of the company’s stock traded hands. Strattec Security Corp has a 1-year low of $21.25 and a 1-year high of $42.30. The stock’s 50-day moving average is $37.82 and its 200-day moving average is $37.33. The company has a market cap of $140.8 million and a P/E ratio of 14.87.
STRATTEC SECURITY CORPORATION designs, develops, manufactures and markets automotive security products including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings; and access control products including latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related access control products for North American automotive customers.
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