COMPX ANNOUNCES A SPECIAL DIVIDEND OF $2.00 PER SHARE PAYABLE IN AUGUST 2024, AND DECLARES REGULAR QUARTERLY DIVIDEND

Rhea-AI Summary

CompX International Inc. (NYSE American: CIX) has announced a special cash dividend of $2.00 per share and a regular quarterly dividend of $0.30 per share on its class A common stock. The special dividend is payable on August 28, 2024 to stockholders of record as of August 19, 2024. The regular quarterly dividend will be paid on September 17, 2024 to stockholders of record as of September 6, 2024.

CompX, a leading manufacturer of security products and recreational marine components, emphasizes its commitment to balancing business growth investments with stockholder distributions. The company's strategy focuses on generating consistent healthy cash flow and maintaining a strong balance sheet, allowing for this additional cash return to shareholders while preserving financial strength for future business investments.

Positive

• Declaration of a special cash dividend of $2.00 per share
• Continuation of regular quarterly dividend of $0.30 per share
• Strong balance sheet and consistent healthy cash flow generation
• Ability to return additional cash to stockholders while maintaining financial flexibility

Negative

• None.

News Market Reaction – CIX

+1.90%

+1.90% Session move

In the trading session that priced this news, CIX gained 1.90%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Dallas, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today that its board of directors has declared a special cash dividend of two dollars ($2.00) per share and a regular quarterly dividend of thirty cents ($0.30) per share, in each case on its class A common stock. The special cash dividend is payable on August 28, 2024 to stockholders of record at the close of business on August 19, 2024. The regular quarterly dividend of $0.30 per share is payable on September 17, 2024 to stockholders of record at the close of business on September 6, 2024.

CompX is committed to balancing investment in the growth of its business with stockholder distributions. CompX’s strategy focused on generating consistent healthy cash flow through all cycles along with its strong balance sheet and disciplined approach to capital investment has provided this opportunity to return additional cash to our stockholders in 2024 while maintaining financial strength and flexibility to continue to invest in our business over the long term.

CompX is a leading manufacturer of security products and recreational marine components.

* * * *

Investor Relations Contact

Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700

FAQ

What is the amount of CompX International's special dividend for 2024?

CompX International (CIX) has declared a special cash dividend of $2.00 per share for 2024.

When will CompX International pay its special dividend in 2024?

CompX International (CIX) will pay its special dividend on August 28, 2024, to stockholders of record as of August 19, 2024.

What is CompX International's regular quarterly dividend amount?

CompX International (CIX) has declared a regular quarterly dividend of $0.30 per share.

When is the next regular quarterly dividend payment for CompX International (CIX)?

CompX International's next regular quarterly dividend of $0.30 per share is payable on September 17, 2024, to stockholders of record as of September 6, 2024.

How does CompX International balance shareholder returns with business investments?

CompX International (CIX) focuses on generating consistent healthy cash flow, maintaining a strong balance sheet, and taking a disciplined approach to capital investment, allowing them to return cash to stockholders while preserving financial flexibility for business investments.