STRATTEC SECURITY CORPORATION Declares Quarterly Dividend
February 26 2019 - 4:00PM
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) announced today that
the Company’s Board of Directors, at its meeting held February 26,
2019 declared a cash dividend for the Company’s 2019 fiscal third
quarter of $0.14 per common share. The dividend is payable on
March 29, 2019 to shareholders of record as of March 15, 2019.
STRATTEC designs, develops, manufactures and
markets automotive Access Control Products, including 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. These products are
provided to customers in North America, and on a global basis
through a unique strategic relationship with WITTE Automotive of
Velbert, Germany and ADAC Automotive of Grand Rapids,
Michigan. Under this relationship, STRATTEC, WITTE and ADAC
market our products to global customers under the “VAST” brand
name. STRATTEC’s history in the automotive business spans
over 110 years.
Certain statements contained in this release
contain “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
may be identified by the use of forward-looking words or phrases
such as “anticipate,” “believe,” “could,” “expect,” “intend,”
“may,” “planned,” “potential,” “should,” “will,” and “would.”
Such forward-looking statements in this release are inherently
subject to many uncertainties in the Company’s operations and
business environment. These uncertainties include general
economic conditions, in particular, relating to the automotive
industry, consumer demand for the Company’s and its customers’
products, competitive and technological developments, customer
purchasing actions, changes in warranty provisions and customers’
product recall policies, foreign currency fluctuations,
uncertainties stemming from U.S. trade policies, tariffs and
reaction to same from foreign countries and costs of operations
(including fluctuations in the cost of raw materials).
Shareholders, potential investors and other readers are urged to
consider these factors carefully in evaluating the forward-looking
statements and are cautioned not to place undue reliance on such
forward-looking statements. The forward-looking statements
made herein are only made as of the date of this press release and
the Company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances occurring after the date of this release. In
addition, such uncertainties and other operational matters are
discussed further in the Company’s quarterly and annual filings
with the Securities and Exchange Commission.
Contact: Pat HansenSenior Vice President
andChief Financial Officer414-247-3435www.strattec.com
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