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

Compass Diversified (NYSE:CODI) declared a quarterly dividend on Friday, April 4th, Wall Street Journal reports. Investors 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 yield of 5.91%. The ex-dividend date 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 payout ratio of 37.2% indicating that 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 Performance

CODI stock 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 stock has a market capitalization of $1.27 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. The stock’s 50 day simple moving average is $20.13 and its 200 day simple moving average is $21.53. Compass Diversified has a 12-month low of $16.20 and a 12-month high of $24.59.

Wall Street Analyst Weigh In

CODI has been the topic of a number of recent research reports. B. Riley raised Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th.

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.