CompX International Inc. (NYSE:CIX) Declares $0.30 Quarterly Dividend

CompX International Inc. (NYSE:CIX) declared a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.30 per share on Tuesday, December 10th. This represents a $1.20 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Friday, November 29th.

CompX International has raised its dividend by an average of 35.7% per year over the last three years.

CompX International Stock Down 13.1 %

Shares of CIX stock traded down $4.39 during trading hours on Thursday, reaching $29.01. 30,327 shares of the company’s stock were exchanged, compared to its average volume of 13,264. CompX International has a fifty-two week low of $18.76 and a fifty-two week high of $39.91. The stock has a market capitalization of $357.40 million, a P/E ratio of 16.90 and a beta of 0.76. The business has a fifty day moving average price of $29.17 and a 200-day moving average price of $26.96.

CompX International (NYSE:CIX) last released its earnings results on Tuesday, August 6th. The company reported $0.39 EPS for the quarter. The firm had revenue of $35.90 million during the quarter. CompX International had a net margin of 13.40% and a return on equity of 12.54%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CompX International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th.

CompX International Company Profile

CompX International Inc manufactures and sells security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electrical circuit panels, storage compartments, gas station security, and vending and cash containment machines.