Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
STRATTEC Security Corporation is a U.S.-based automotive supplier specializing in access and security solutions for vehicle manufacturers. The company operates primarily within the automotive components and systems industry, providing mechanical and electromechanical products that enable vehicle access, security, and user convenience. Its offerings are largely integrated into original equipment manufacturer (OEM) vehicle platforms, making STRATTEC closely tied to global automotive production volumes and model cycles.
The company’s core revenue drivers include automotive locks, latches, key systems, and power access solutions, supplied predominantly to major North American and international OEMs. STRATTEC is recognized for its long-standing OEM relationships, vertically integrated manufacturing capabilities, and expertise in both mechanical and electronic access technologies. Founded in 1908 as Briggs & Stratton’s lock division, STRATTEC became an independent public company in 1995 and has since evolved from a primarily mechanical lock manufacturer into a broader automotive access and security systems provider.
Business Operations
STRATTEC generates revenue primarily through the design, manufacture, and sale of access and security components to automotive OEMs and, to a lesser extent, the automotive aftermarket. Its operations are commonly described across two principal revenue streams: OEM Automotive Products and Aftermarket Products, with the OEM segment representing the substantial majority of sales. Products are typically engineered to customer specifications and produced under long-term supply arrangements tied to specific vehicle programs.
The company controls a range of proprietary manufacturing processes and tooling for precision metal components, electronic assemblies, and mechatronic systems. STRATTEC conducts operations through several subsidiaries, including STRATTEC de México, STRATTEC de Brasil, STRATTEC Canada, and ADAC Automotive, which expand its capabilities in latches and access mechanisms. In addition, STRATTEC participates in joint ventures, most notably VAST LLC, a power access systems venture with WITTE Automotive, focused on advanced door and tailgate access technologies.
Strategic Position & Investments
STRATTEC’s strategy centers on maintaining deep integration with OEM customers while expanding its role in higher-value electronic and mechatronic access systems. Growth initiatives have focused on increasing content per vehicle through power sliding doors, power liftgates, and integrated latch-and-actuator systems, as well as aligning product development with evolving vehicle architectures.
The company has pursued targeted acquisitions and partnerships to enhance technical capabilities, most notably the acquisition of ADAC Automotive, which strengthened STRATTEC’s position in latch systems and complemented its legacy lock expertise. Strategic investments have emphasized automation, tooling, and engineering to support new vehicle launches, while joint ventures such as VAST LLC provide exposure to emerging power access technologies without fully bearing development risk.
Geographic Footprint
STRATTEC is headquartered in North America, with its corporate headquarters located in Milwaukee, Wisconsin. The company maintains a manufacturing and engineering presence across the United States, Mexico, Canada, and Brazil, aligning its footprint with major automotive production hubs in the Americas.
While the majority of revenue is derived from North American vehicle production, STRATTEC’s international subsidiaries and joint ventures support global OEM platforms and exports. Through partnerships and customer programs, the company maintains an indirect presence in Europe and Asia, primarily tied to global vehicle architectures developed by multinational automakers.
Leadership & Governance
STRATTEC is led by an executive team with extensive tenure in automotive manufacturing and supplier operations. Leadership emphasizes operational discipline, long-term OEM relationships, and incremental technology advancement aligned with customer demand rather than speculative market expansion.
Key executives include:
- Frank J. Krejci Jr. – President and Chief Executive Officer
- Matthew L. Laskowski – Chief Financial Officer
- Patrick W. Kaczmarek – Vice President, Engineering
- Michael J. Sabel – Vice President, Operations
The company operates under a traditional public-company governance structure, with oversight provided by an independent board of directors and compliance with SEC filings and reporting requirements.