CompX International Inc. (NYSE:CIX) to Issue $0.30 Quarterly Dividend

CompX International Inc. (NYSE:CIX) announced a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Shareholders of record on Friday, September 6th will be paid a dividend of 0.30 per share on Tuesday, September 17th. This represents a $1.20 annualized dividend and a yield of 5.09%. The ex-dividend date is Friday, September 6th.

CompX International has increased its dividend payment by an average of 35.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

CompX International Stock Performance

NYSE CIX traded up $0.44 during trading on Wednesday, hitting $23.56. The stock had a trading volume of 4,680 shares, compared to its average volume of 14,026. The stock has a market capitalization of $290.12 million, a price-to-earnings ratio of 14.62 and a beta of 0.76. The stock has a 50 day simple moving average of $23.73 and a 200 day simple moving average of $26.77. CompX International has a one year low of $17.39 and a one year high of $39.91.

CompX International (NYSE:CIX) last issued its earnings results on Tuesday, May 7th. The company reported $0.31 EPS for the quarter. The business had revenue of $38.00 million for the quarter. CompX International had a net margin of 12.78% and a return on equity of 12.14%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CompX International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st.

About CompX International

CompX International Inc manufactures and sells security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electrical circuit panels, storage compartments, gas station security, and vending and cash containment machines.