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
Vishay Precision Group, Inc. (VPG) is a global provider of precision sensing, measurement, and control technologies used in mission‑critical applications. The company operates primarily within the industrial, aerospace, defense, transportation, energy, and medical industries, supplying components and systems where accuracy, reliability, and stability are essential. VPG’s offerings are embedded deep within customer systems, making them integral rather than discretionary components.
VPG’s primary revenue drivers are precision sensors, weighing and force measurement solutions, and advanced measurement systems. Its customer base includes original equipment manufacturers (OEMs), industrial system integrators, and government or defense contractors. The company positions itself through high‑performance, application‑specific products, long qualification cycles, and strong engineering collaboration with customers. VPG was formed in 2010 as a spin‑off from Vishay Intertechnology, consolidating Vishay’s precision measurement businesses into a standalone public company focused exclusively on sensing and measurement technologies.
Business Operations
VPG operates through three primary business segments: Sensors, Weighing Solutions, and Measurement Systems. The Sensors segment produces strain gauges, load cells, force sensors, and precision resistors used in industrial, aerospace, and defense applications. The Weighing Solutions segment provides weighing modules, load cells, and complete weighing systems for industrial and commercial markets. The Measurement Systems segment delivers advanced materials testing, force measurement, and calibration systems used in research, industrial testing, and defense environments.
The company generates revenue through the sale of proprietary components, engineered systems, and integrated solutions, with a mix of high‑volume standard products and low‑volume, highly customized systems. VPG controls specialized manufacturing processes, precision calibration capabilities, and application‑specific engineering expertise. Its operations include multiple wholly owned subsidiaries such as Vishay Precision Transducers, Micro‑Measurements, BLH Nobel, Nobel Weighing Systems, and KELK, which operate under distinct brands while leveraging shared technology platforms and global infrastructure.
Strategic Position & Investments
VPG’s strategy centers on organic growth through product innovation, operational efficiency, and selective acquisitions that expand technology depth or market reach. The company prioritizes applications with high reliability requirements and long product life cycles, which tend to offer more stable margins and customer relationships. Investment is directed toward advanced sensing materials, digital signal conditioning, and system‑level solutions that increase customer switching costs.
Historically, VPG has pursued bolt‑on acquisitions to strengthen its portfolio in force measurement, weighing, and materials testing, while also investing internally to modernize manufacturing and expand automation. The company maintains a disciplined capital allocation approach, balancing research and development, targeted capital expenditures, and shareholder returns. Its involvement in emerging sectors includes electrification, advanced manufacturing, aerospace testing, and next‑generation industrial automation, where precision measurement is a critical enabler.
Geographic Footprint
VPG is headquartered in North America (Malvern, Pennsylvania) and operates a globally diversified manufacturing and sales network. The company maintains significant operations across Europe, Asia, and North America, serving customers in more than 40 countries. Its geographic diversification reduces reliance on any single end market or region and supports global OEM customers.
Manufacturing, engineering, and calibration facilities are strategically located near key industrial and aerospace hubs, particularly in Western Europe, China, India, and the United States. VPG’s international presence also supports localized customer support, application engineering, and compliance with regional regulatory and defense requirements, reinforcing its role as a global precision technology supplier.
Leadership & Governance
VPG is led by an executive team with deep experience in precision manufacturing, industrial technology, and global operations. The leadership emphasizes operational discipline, customer‑centric engineering, and long‑term value creation through technology leadership rather than short‑term volume growth. Governance follows U.S. public company standards, with oversight by an independent board of directors.
Key executives include:
- Ziv Shoshani – President & Chief Executive Officer
- William Clapp – Chief Financial Officer
- Ranan Auerbach – Senior Vice President, Strategy & Corporate Development
- Jeffrey O. Evans – Senior Vice President, Human Resources
- Dr. Roy Dagan – Chief Technology Officer
The leadership team’s strategic vision focuses on reinforcing VPG’s position as a high‑reliability precision measurement leader while expanding system‑level capabilities and strengthening margins through operational excellence.