Compass Diversified Holdings (NYSE:CODI) is holding its dividend steady for its Q2. For the tenth quarter in a row, the company will pay a distribution of $0.36 per share, the company announced this week.
This will be dispensed on July 30 to shareholders of record as of July 23. Prior to its series of $0.36-per-share payouts, Compass Diversified paid $0.34.
In the press release announcing the news, the company said it has made distributions in every quarter since its May 2006 IPO. All told, it has handed out a total of nearly $9.60 per share, it says.
The just-declared dividend annualizes to $1.44 per share. That yields 8% at Compass Diversified's most recent closing stock price of $17.98.
Fool contributor Eric Volkman has no position in Compass Diversified Holdings. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.