Compass Diversified (CODI) to Issue Quarterly Dividend of $0.25 on October 24th

Compass Diversified (NYSE:CODI) announced a quarterly dividend on Thursday, October 3rd, Zacks reports. Investors of record on Thursday, October 17th will be given a dividend of 0.25 per share by the financial services provider on Thursday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Thursday, October 17th.

Compass Diversified has decreased its dividend by an average of 11.5% per year over the last three years. Compass Diversified has a dividend payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Compass Diversified to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 45.9%.

Compass Diversified Price Performance

CODI stock opened at $20.93 on Tuesday. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07. The business’s 50-day moving average is $21.26 and its two-hundred day moving average is $22.10. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.65 and a current ratio of 4.18. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 123.12, a P/E/G ratio of 1.38 and a beta of 1.67.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.44 by $0.39. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. The firm had revenue of $542.60 million for the quarter, compared to the consensus estimate of $550.45 million. As a group, analysts forecast that Compass Diversified will post 1.9 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Patrick A. Maciariello purchased 5,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was acquired at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the acquisition, the insider now directly owns 228,518 shares of the company’s stock, valued at $4,997,688.66. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Patrick A. Maciariello bought 5,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was purchased at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the acquisition, the insider now owns 228,518 shares in the company, valued at $4,997,688.66. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan J. Faulkingham bought 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $20.17 per share, with a total value of $40,340.00. Following the acquisition, the insider now owns 35,950 shares in the company, valued at approximately $725,111.50. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by company insiders.

Compass Diversified Company Profile

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.