As the day concludes, Compass Diversified Hldgs CODI is preparing to distribute a dividend payout of $0.25 per share, resulting in an annualized dividend yield of 5.40%. This payout is exclusive to investors who held the stock before the ex-dividend date on October 18, 2023.
Compass Diversified Hldgs Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-18 | 4 | $0.25 | 5.4% | 2023-10-03 | 2023-10-19 | 2023-10-26 |
| 2023-07-19 | 4 | $0.25 | 4.64% | 2023-07-05 | 2023-07-20 | 2023-07-27 |
| 2023-04-19 | 4 | $0.25 | 5.24% | 2023-04-03 | 2023-04-20 | 2023-04-27 |
| 2023-01-18 | 4 | $0.25 | 5.2% | 2023-01-04 | 2023-01-19 | 2023-01-26 |
| 2022-10-19 | 4 | $0.25 | 5.45% | 2022-10-04 | 2022-10-20 | 2022-10-27 |
| 2022-07-20 | 4 | $0.25 | 4.67% | 2022-07-01 | 2022-07-21 | 2022-07-28 |
| 2022-04-20 | 4 | $0.25 | 4.21% | 2022-04-01 | 2022-04-21 | 2022-04-28 |
| 2022-01-12 | 4 | $0.25 | 3.27% | 2022-01-03 | 2022-01-13 | 2022-01-20 |
| 2021-10-14 | 4 | $0.36 | 5.09% | 2021-10-05 | 2021-10-15 | 2021-10-22 |
| 2021-07-14 | 4 | $0.36 | 5.6% | 2021-07-02 | 2021-07-15 | 2021-07-22 |
| 2021-04-14 | 4 | $0.36 | 6.22% | 2021-04-01 | 2021-04-15 | 2021-04-22 |
| 2021-01-14 | 4 | $0.36 | 7.4% | 2021-01-04 | 2021-01-15 | 2021-01-22 |
With a dividend yield that places it neither at the top nor the bottom, Compass Diversified Hldgs finds itself in the middle among its industry peers, while NewtekOne NEWT boasts the highest annualized dividend yield at 8.81%.
Analyzing Compass Diversified Hldgs Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average decrease in the company's dividend per share, decreasing from $1.44 in 2019 to $1.00 in 2022. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.
YoY Earnings Growth For Compass Diversified Hldgs
From 2019 to 2022, Compass Diversified Hldgs experienced a growth in earnings per share, with an increase from $-0.63 to $2.21. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we explore the recent dividend payout of Compass Diversified Hldgs and its significance for shareholders. The company has decided to distribute a dividend of $0.25 per share today, which equates to an annualized dividend yield of 5.40%.
With a dividend yield that places it neither at the top nor the bottom, Compass Diversified Hldgs finds itself in the middle among its industry peers, while NewtekOne boasts the highest annualized dividend yield at 8.81%.
With dividend per share decreasing and earnings per share increasing from 2019 to 2022, Compass Diversified Hldgs appears to be emphasizing business growth by reinvesting profits rather than focusing on dividend distributions.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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