Compass Diversified Holdings (NYSE:CODI) announced a quarterly dividend on Wednesday, July 3rd, NASDAQ reports. Stockholders of record on Thursday, July 18th will be paid a dividend of 0.36 per share by the financial services provider on Thursday, July 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date is Wednesday, July 17th.
Compass Diversified has a dividend payout ratio of 76.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Compass Diversified to earn $1.91 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 75.4%.
Shares of NYSE CODI opened at $19.73 on Tuesday. The company’s 50-day moving average is $18.53. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.56 and a current ratio of 2.82. The stock has a market cap of $1.18 billion, a P/E ratio of 22.19 and a beta of 1.12. Compass Diversified has a 52-week low of $11.60 and a 52-week high of $20.09.
Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The company had revenue of $402.49 million for the quarter, compared to analysts’ expectations of $399.00 million. Compass Diversified had a net margin of 6.11% and a return on equity of 7.63%. As a group, equities research analysts forecast that Compass Diversified will post 1.67 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th.
In other Compass Diversified news, insider Elias Sabo acquired 18,334 shares of the stock in a transaction dated Wednesday, June 19th. The shares were purchased at an average price of $18.62 per share, for a total transaction of $341,379.08. Following the purchase, the insider now directly owns 585,549 shares of the company’s stock, valued at $10,902,922.38. The acquisition was disclosed in a filing with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.
Compass Diversified Company Profile
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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