Compass Diversified (CODI) to Issue Quarterly Dividend of $0.25 on April 24th

Compass Diversified (NYSE:CODI) announced a quarterly dividend on Friday, April 4th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be given 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 yield of 5.91%. The ex-dividend date is Thursday, April 17th.

Compass Diversified has decreased its dividend by an average of 9.1% per year over the last three years. Compass Diversified has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 3.9 %

Shares of CODI opened at $16.91 on Friday. The business has a 50-day moving average of $20.13 and a 200 day moving average of $21.53. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. Compass Diversified has a fifty-two week low of $16.20 and a fifty-two week high of $24.59. The firm has a market cap of $1.27 billion, a P/E ratio of 35.23, 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 have recently issued reports on CODI shares. William Blair reissued an “outperform” rating on shares of Compass Diversified in a report on Friday, February 28th. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research report 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.