Compass Diversified (NYSE:CODI) Declares $0.25 Quarterly Dividend

Compass Diversified (NYSE:CODI) declared a quarterly dividend on Thursday, October 3rd, Zacks reports. Investors of record on Thursday, October 17th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Thursday, October 17th.

Compass Diversified has decreased its dividend payment by an average of 11.5% annually over the last three years. Compass Diversified has a dividend payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.6 %

NYSE:CODI opened at $21.02 on Wednesday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 123.62, a PEG ratio of 1.38 and a beta of 1.67. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.65 and a current ratio of 4.18. Compass Diversified has a 1 year low of $16.88 and a 1 year high of $25.07. The business has a fifty day moving average of $21.28 and a 200-day moving average of $22.08.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.39. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. The firm had revenue of $542.60 million during the quarter, compared to analyst estimates of $550.45 million. Equities analysts predict that Compass Diversified will post 1.9 earnings per share for the current year.

Insider Activity at Compass Diversified

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

About Compass Diversified

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.