Compass Diversified (CODI) has declared its fourth-quarter 2024 distributions on common and preferred shares. The company announced a quarterly cash distribution of $0.25 per share on its common shares, payable on January 23, 2025, to all holders of record as of January 16, 2025. For the 7.250% Series A Preferred Shares, the quarterly cash distribution is $0.453125 per share, covering the period from October 30, 2024, up to, but excluding, January 30, 2025, payable on January 30, 2025, to all holders of record as of January 15, 2025. The quarterly cash distribution for the 7.875% Series B and Series C Preferred Shares is $0.4921875 per share, covering the same period and payable on January 30, 2025, to holders of record as of January 15, 2025.
CODI's common and preferred cash distributions are expected to generally constitute "qualified dividends" for U.S. federal income tax purposes to the extent they are paid from "earnings and profits," with the final tax status to be determined and reported to shareholders in early 2025 after completion of the 2024 year earnings and profits determination.
Since its IPO in 2006, CODI has consistently executed its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across industrial, branded consumer, and healthcare sectors. The company leverages its permanent capital base and long-term disciplined approach, maintaining controlling ownership interests in each subsidiary and providing both debt and equity capital for their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the company. Following these announcements, the company's shares moved -1.4%, and are now trading at a price of $22.58. If you want to know more, read the company's complete 8-K report here.
