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. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.91%. 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. 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 Down 3.9 %

Shares of NYSE:CODI opened at $16.91 on Friday. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 1.25 and a beta of 1.55. The stock’s 50-day moving average price is $20.13 and its two-hundred day moving average price is $21.53. Compass Diversified has a 12-month low of $16.20 and a 12-month high of $24.59.

Analyst Upgrades and Downgrades

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

Compass Diversified Company Profile

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.