Compass Diversified to Issue Quarterly Dividend of $0.25 (NYSE:CODI)

Compass Diversified (NYSE:CODI) announced a quarterly dividend on Friday, April 4th, Wall Street Journal reports. Shareholders of record on Thursday, April 17th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, April 24th. This represents a $1.00 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Thursday, April 17th.

Compass Diversified has decreased its dividend payment by an average of 9.1% annually over the last three years. Compass Diversified has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Compass Diversified to earn $2.11 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 47.4%.

Compass Diversified Stock Up 1.1 %

NYSE:CODI opened at $16.77 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. Compass Diversified has a 1-year low of $15.64 and a 1-year high of $24.59. The company has a 50-day moving average of $19.41 and a 200 day moving average of $21.24. The firm has a market cap of $1.26 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th. B. Riley raised Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th.

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.