Compass Diversified Holdings (CODI) to Issue Quarterly Dividend of $0.36 on January 24th

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Compass Diversified Holdings (NYSE:CODI) announced a quarterly dividend on Friday, January 4th, Wall Street Journal reports. Investors of record on Thursday, January 17th will be paid a dividend of 0.36 per share by the financial services provider on Thursday, January 24th. This represents a $1.44 annualized dividend and a yield of 9.72%. The ex-dividend date is Wednesday, January 16th.

Compass Diversified has a dividend payout ratio of 76.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Compass Diversified to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 77.0%.

Shares of NYSE CODI opened at $14.82 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The stock has a market cap of $888.92 million, a PE ratio of 21.82 and a beta of 0.77. Compass Diversified has a 52-week low of $11.60 and a 52-week high of $18.35.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.18). The company had revenue of $448.70 million for the quarter, compared to analysts’ expectations of $414.17 million. Compass Diversified had a net margin of 2.99% and a return on equity of 3.09%. On average, equities research analysts forecast that Compass Diversified will post 1.68 earnings per share for the current fiscal year.

CODI has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Compass Diversified from a “buy” rating to a “hold” rating in a report on Monday, November 5th. TheStreet downgraded shares of Compass Diversified from a “b-” rating to a “c+” rating in a report on Friday, November 9th.

In other news, insider Harold S. Edwards bought 3,431 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were bought at an average price of $14.50 per share, for a total transaction of $49,749.50. Following the purchase, the insider now owns 560,549 shares in the company, valued at $8,127,960.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Bottiglieri bought 2,500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were purchased at an average price of $15.18 per share, for a total transaction of $37,950.00. The disclosure for this purchase can be found here. Insiders bought a total of 159,905 shares of company stock worth $2,417,645 in the last quarter. Company insiders own 3.40% of the company’s stock.

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Compass Diversified Company Profile

Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.

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Dividend History for Compass Diversified (NYSE:CODI)

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