Compass Diversified Hldgs: Bolstering Investor Value with Reduced Dividends and Amplified Earnings
By the close of today, January 25, 2024, Compass Diversified Hldgs (NYSE:CODI) will issue a dividend payout of $0.25 per share, resulting in an annualized dividend yield of 4.51%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 17, 2024.
Compass Diversified Hldgs Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-17 | 4 | $0.25 | 4.51% | 2024-01-04 | 2024-01-18 | 2024-01-25 |
| 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 |
Compass Diversified Hldgs's dividend yield falls in the middle range when compared to its industry peers, with UWM Hldgs (NYSE:UWMC) having the highest annualized dividend yield at 6.24%.
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 2020 to 2023, investors saw an average decrease in the company's dividend per share, decreasing from $1.44 in 2020 to $1.00 in 2023. 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 2020 to 2023, Compass Diversified Hldgs has demonstrated an upward trend in earnings, with earnings per share rising from $-0.72 to $1.92. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article delves into the recent dividend payout of Compass Diversified Hldgs and its implications for shareholders. Presently, the company is distributing a dividend of $0.25 per share, leading to an annualized dividend yield of 4.51%.
Compass Diversified Hldgs's dividend yield falls in the middle range when compared to its industry peers, with UWM Hldgs having the highest annualized dividend yield at 6.24%.
With dividend per share decreasing and earnings per share increasing from 2020 to 2023, Compass Diversified Hldgs appears to be emphasizing business growth by reinvesting profits rather than focusing on dividend distributions.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.