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

Compass Diversified (NYSE:CODI - Get Free Report) declared a quarterly dividend on Friday, April 4th, Wall Street Journal reports. Shareholders 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 dividend yield of 5.76%. The ex-dividend date of this dividend is Thursday, April 17th.

Compass Diversified has decreased its dividend by an average of 9.1% annually over the last three years. Compass Diversified has a dividend payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 9.5 %

NYSE:CODI traded up $1.50 during trading hours on Wednesday, reaching $17.35. 698,229 shares of the company traded hands, compared to its average volume of 226,801. 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 $1.31 billion, a P/E ratio of 36.15, a P/E/G ratio of 1.25 and a beta of 1.55. Compass Diversified has a 1 year low of $15.44 and a 1 year high of $24.59. The business's 50-day moving average price is $19.82 and its two-hundred day moving average price is $21.42.

Analysts Set New Price Targets

A number of analysts have commented on the company. William Blair reissued an "outperform" rating on shares of Compass Diversified in a report on Friday, February 28th. B. Riley upgraded Compass Diversified to a "strong-buy" rating in a research report on Tuesday, January 7th.

About Compass Diversified

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.