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

Compass Diversified (NYSE:CODI) announced a quarterly dividend on Thursday, October 3rd, Zacks reports. Stockholders of record on Thursday, October 17th will be given 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 dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, October 17th.

Compass Diversified has decreased its dividend by an average of 11.5% per year over the last three years. Compass Diversified has a dividend payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 0.6 %

Shares of NYSE:CODI opened at $21.02 on Wednesday. Compass Diversified has a 1 year low of $16.88 and a 1 year high of $25.07. The stock has a 50-day simple moving average of $21.28 and a 200-day simple moving average of $22.08. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.65 and a current ratio of 4.18. The stock has a market capitalization of $1.58 billion, a P/E ratio of 123.62, a PEG ratio of 1.38 and a beta of 1.67.

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

Insider Buying and Selling at Compass Diversified

In other news, insider Patrick A. Maciariello acquired 5,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were bought at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the completion of the purchase, the insider now directly owns 228,518 shares of the company’s stock, valued at approximately $4,997,688.66. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Ryan J. Faulkingham acquired 2,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $20.17 per share, with a total value of $40,340.00. Following the acquisition, the insider now directly owns 35,950 shares in the company, valued at approximately $725,111.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick A. Maciariello bought 5,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was bought at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the purchase, the insider now owns 228,518 shares in the company, valued at approximately $4,997,688.66. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by corporate insiders.

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.