Compass Diversified Holdings (NYSE:CODI) Declares $0.36 Quarterly Dividend

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Compass Diversified Holdings (NYSE:CODI) announced a quarterly dividend on Monday, January 6th, Zacks reports. Shareholders of record on Thursday, January 16th will be paid a dividend of 0.36 per share by the financial services provider on Thursday, January 23rd. This represents a $1.44 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Wednesday, January 15th.

Compass Diversified has a dividend payout ratio of 87.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Compass Diversified to earn $1.74 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 82.8%.

Shares of NYSE:CODI opened at $25.00 on Tuesday. Compass Diversified has a 12 month low of $13.75 and a 12 month high of $26.37. The company’s 50-day moving average price is $24.50 and its two-hundred day moving average price is $20.87. The company has a quick ratio of 2.16, a current ratio of 3.46 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.49 billion, a P/E ratio of 17.36 and a beta of 1.18.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). Compass Diversified had a return on equity of 11.22% and a net margin of 18.42%. The company had revenue of $388.31 million for the quarter, compared to the consensus estimate of $372.47 million. As a group, equities analysts predict that Compass Diversified will post 1.65 earnings per share for the current fiscal year.

In other Compass Diversified news, insider Sarah Gaines Mccoy bought 3,897 shares of Compass Diversified stock in a transaction dated Friday, January 3rd. The shares were bought at an average price of $25.58 per share, with a total value of $99,685.26. Following the purchase, the insider now owns 16,103 shares of the company’s stock, valued at $411,914.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gordon M. Burns sold 99,471 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $24.45, for a total transaction of $2,432,065.95. The disclosure for this sale can be found here. In the last three months, insiders have acquired 40,165 shares of company stock worth $902,252. Insiders own 3.70% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Compass Diversified from a “buy” rating to a “hold” rating in a report on Friday, January 3rd.

About Compass Diversified

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

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Dividend History for Compass Diversified (NYSE:CODI)

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