CompX International Inc. (NYSE:CIX) Plans Quarterly Dividend of $0.30

CompX International Inc. (NYSE:CIX) declared a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.30 per share on Tuesday, December 10th. This represents a $1.20 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Friday, November 29th.

CompX International has increased its dividend payment by an average of 35.7% per year over the last three years.

CompX International Stock Up 4.1 %

CIX opened at $27.71 on Thursday. CompX International has a 52 week low of $20.48 and a 52 week high of $39.91. The firm has a 50-day simple moving average of $29.27 and a two-hundred day simple moving average of $26.67. The company has a market capitalization of $341.39 million, a PE ratio of 18.23 and a beta of 0.76.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CompX International from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Insider Activity

In other news, Director Mary A. Tidlund sold 2,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $28.58, for a total value of $57,160.00. Following the sale, the director now owns 6,650 shares of the company’s stock, valued at approximately $190,057. This represents a 23.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.38% of the company’s stock.

CompX International Company Profile

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.