Compass Diversified Holdings (NYSE:CODI) declared a quarterly dividend on Friday, April 6th, Wall Street Journal reports. Stockholders of record on Thursday, April 19th will be paid a dividend of 0.36 per share by the financial services provider on Thursday, April 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date of this dividend is Wednesday, April 18th.
Compass Diversified has a dividend payout ratio of 92.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Compass Diversified to earn $2.22 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 64.9%.
Shares of CODI stock opened at $16.80 on Tuesday. Compass Diversified has a 12 month low of $15.70 and a 12 month high of $18.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.48 and a quick ratio of 1.32.
A hedge fund recently raised its stake in Compass Diversified stock. State Street Corp lifted its position in Compass Diversified Holdings (NYSE:CODI) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,276 shares of the financial services provider’s stock after purchasing an additional 276 shares during the quarter. State Street Corp owned 0.11% of Compass Diversified worth $1,157,000 at the end of the most recent reporting period. Institutional investors own 34.72% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 9th. TheStreet lowered Compass Diversified from a “b-” rating to a “c” rating in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $20.00.
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About Compass Diversified
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, and business services sectors.
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