Comp X International (CIX) DIvidends Date & History

Key Takeaways

• CompX International pays a regular quarterly dividend of $0.30 per share, or $1.20 annually, for a dividend yield of roughly 3%.
• The company has steadily raised its regular dividend from $0.05 per share in 2018 to $0.30 per share today, while also rewarding shareholders with periodic special dividends.
• The dividend appears reasonably well covered, with a payout ratio near 67% of earnings and about 35% of cash flow.
• CompX maintains a strong, debt-light balance sheet and healthy liquidity, which supports the sustainability of its payout.
• Its yield is above the broader industrials sector average, making the stock potentially appealing to income-focused and long-term dividend investors.

Dividend Overview

CompX International Inc. (CIX), a Dallas-based manufacturer of security products and marine components, maintains a modest but dependable dividend program. The company pays a regular quarterly dividend of $0.30 per share, which annualizes to $1.20 per share and produces a dividend yield of approximately 3%, based on recent trading prices. Distributions are paid quarterly, with the most recent regular dividend declared in August 2026, carrying an ex-dividend date of September 3, 2026, and a payment date of September 15, 2026.

CompX is best described as a modest-yield dividend payer rather than a high-yield or classic dividend-growth stalwart. However, its history of recurring special dividends and its trajectory of rising regular payouts give the stock a distinctive income profile that sets it apart from many of its small-cap industrial peers.

Dividend History and Growth

CompX's regular dividend has grown substantially over the past several years. The quarterly payout stood at just $0.05 per share in 2018, then climbed to $0.07 in 2019, $0.10 in 2020, $0.20 in 2021, and $0.25 in 2022 and 2023. The company raised the regular dividend again in 2024 to its current $0.30 per share, where it has remained through 2026.

In addition to these steady increases, CompX has periodically distributed special dividends, including $1.75 per share in August 2022, $2.00 per share in August 2024, and $1.00 per share in August 2025. While the regular payout has been flat since 2024, the overall dividend profile reflects a clear, multi-year commitment to returning capital to shareholders, with an annualized dividend growth rate in the double digits over the trailing five-year period.

Dividend Sustainability and Payout Ratio

The sustainability of CompX's dividend is supported by its payout ratios and conservative balance sheet. Based on trailing earnings, the company pays out roughly 67% of its net income as dividends, while its cash-flow-based payout ratio is lower at around 35%. The gap between these two figures reflects meaningful non-cash charges, and it suggests that the dividend is comfortably funded by actual operating cash generation.

CompX also operates with a strong liquidity position and a debt-light capital structure, which provides an additional cushion for the dividend through economic cycles. A high current ratio and low leverage reduce the risk that the company would need to trim its payout during a downturn. While the earnings-based payout ratio is elevated relative to some larger, more diversified industrial companies, the combination of solid cash flow coverage, ample liquidity, and a modest total dividend obligation supports a generally sustainable payout.

Dividend Compared to Industry Peers

Within the security products and broader industrials landscape, CompX's dividend yield is comparatively attractive. The average dividend yield for the industrials sector sits near 1%, and the median yield among peers in its industry is also well below CompX's roughly 3% yield. Several larger, more diversified industrial companies offer yields under 2%, meaning CompX delivers a meaningfully higher level of current income on a relative basis.

That said, CompX is a small-capitalization company with a more concentrated business profile than many larger dividend payers, and its regular dividend has been unchanged since 2024. Investors seeking both income and sizeable free cash flow coverage may find CompX's yield appealing, though its payout trajectory is less predictable than that of well-established dividend aristocrats.

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Is This Stock Attractive for Dividend Investors?

CompX International may appeal primarily to income-oriented and long-term investors who value a dependable quarterly payout supported by strong cash flow and a conservative balance sheet. Its roughly 3% yield is meaningfully higher than the industrials sector average, which can make the stock an interesting candidate for investors seeking current income from a smaller, less widely followed company.

The company's history of special dividends also adds a layer of appeal for investors who appreciate periodic capital returns beyond the regular quarterly distribution. At the same time, the regular dividend has not been increased since 2024, and CompX's earnings are tied to a concentrated set of end markets, including security products and recreational marine components, which can be cyclical. For this reason, the stock may be less suitable for investors who prioritize a long, uninterrupted streak of annual dividend increases or for those seeking maximum stability. As with any investment, the dividend should be evaluated alongside the company's earnings trajectory, balance sheet, and broader business fundamentals.

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