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

CompX International Inc. (NYSE:CIX) announced a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.30 per share on Tuesday, December 10th. This represents a $1.20 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Friday, November 29th.

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

CompX International Price Performance

Shares of CIX stock opened at $27.71 on Thursday. The company has a market cap of $341.39 million, a price-to-earnings ratio of 18.23 and a beta of 0.76. CompX International has a 1 year low of $20.48 and a 1 year high of $39.91. The firm has a fifty day moving average price of $29.27 and a 200-day moving average price of $26.67.

Insiders Place Their Bets

In other CompX International news, Director Mary A. Tidlund sold 1,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $29.02, for a total value of $29,020.00. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $163,963. This represents a 15.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CompX International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

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.