Compx Announces Increase In Quarterly Dividend From $0.25 To $0.30 Per Share
Portfolio Pulse from Benzinga Newsdesk
CompX International Inc. (CIX) has increased its regular quarterly dividend from $0.25 to $0.30 per share, payable on March 19, 2024, to stockholders of record as of March 11, 2024. CompX is a prominent manufacturer of security products and recreational marine components.
February 28, 2024 | 9:57 pm
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CompX International Inc. (CIX) has announced an increase in its quarterly dividend from $0.25 to $0.30 per share, signaling strong financial health and commitment to returning value to shareholders.
Increasing dividends is often viewed positively by the market as it indicates a company's strong financial health and confidence in its future earnings. For CompX International Inc., this move is likely to attract income-focused investors and could lead to a positive short-term impact on its stock price.
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