COMPX ANNOUNCES A SPECIAL DIVIDEND OF $1.75 PER SHARE PAYABLE IN AUGUST 2022

Rhea-AI Summary

CompX International announced a special cash dividend of $1.75 per share on its class A common stock, payable on August 30, 2022. Stockholders of record by the close of business on August 22, 2022 will receive this dividend. This follows a previously declared regular quarterly cash dividend of $0.25, payable on September 13, 2022. The company maintains a strong balance sheet and cash flow, allowing for shareholder returns while ensuring continued investment in business growth.

Positive

• Declaration of a special dividend of $1.75 per share.
• Regular quarterly dividend of $0.25 per share also announced.
• Strong balance sheet and healthy cash flow support shareholder distributions.

Negative

• None.

Dallas, Texas, Aug. 09, 2022 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American:  CIX) announced today that its board of directors has declared a special cash dividend of $1.75 per share on its class A common stock, payable on August 30, 2022 to stockholders of record at the close of business on August 22, 2022. This special dividend is in addition to CompX’s previously announced regular quarterly cash dividend of $0.25 per share that is payable on September 13, 2022 to stockholders of record at the close of business on September 1, 2022.

CompX is committed to balancing investment in the growth of its business with stockholder distributions.  CompX’s strong balance sheet, healthy cash flow and disciplined capital investment strategy has provided this opportunity to return additional cash to our stockholders in 2022 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.

FAQ

What is the special cash dividend amount for CIX?

The special cash dividend for CompX International (CIX) is $1.75 per share.

When will the special dividend for CIX be paid?

The special dividend will be paid on August 30, 2022.

When is the record date for the special dividend of CIX?

The record date for the special dividend is August 22, 2022.

What is the amount of the regular quarterly dividend for CIX?

The regular quarterly cash dividend for CIX is $0.25 per share.

When is the regular dividend payment date for CIX?

The regular dividend payment date is September 13, 2022.