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

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

CompX International has raised its dividend by an average of 35.7% annually over the last three years and has raised its dividend every year for the last 1 years.

CompX International Trading Up 1.9 %

NYSE:CIX traded up $0.44 during trading hours on Wednesday, hitting $23.56. 4,680 shares of the stock traded hands, compared to its average volume of 14,026. The firm has a 50 day moving average price of $23.73 and a 200 day moving average price of $26.77. CompX International has a fifty-two week low of $17.39 and a fifty-two week high of $39.91. The firm has a market cap of $290.12 million, a price-to-earnings ratio of 14.62 and a beta of 0.76.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of CompX International from a “strong-buy” rating to a “buy” rating in a research note 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.