5 Dividend Stocks For Beginners

In this article, we discuss 5 dividend stocks for beginners. If you want to see more income stocks for investors starting out their investment journey, click 10 Dividend Stocks For Beginners. 

5. Compass Diversified (NYSE:CODI)

Dividend Yield as of May 6: 4.33%

Number of Hedge Fund Holders: 11

Compass Diversified (NYSE:CODI) is a private equity company engaged in acquisitions, buyouts, industry consolidation, recapitalization, and late stage and middle market investments. The firm invests through its balance sheet and generally has an investment horizon of five to seven years. 

Compass Diversified (NYSE:CODI) reported its financial results for the first fiscal quarter of 2022 on May 5, posting earnings per share of $0.52, beating market estimates by $0.21. The revenue grew 10.60% year-over-year to $510.51 million, ahead of consensus estimates by $29.26 million. 

On April 4, Compass Diversified (NYSE:CODI) declared a quarterly dividend of $0.25 per share, in line with previous. The dividend was paid on April 28, to shareholders of the company as of April 21. Compass Diversified (NYSE:CODI)’s dividend yield on May 6 came in at 4.33%. The investment advisory firm B. Riley initiated coverage of the stock on April 8 with a Buy rating and a $33 price target.

According to Insider Monkey’s Q4 data, Compass Diversified (NYSE:CODI) was found in the public portfolios of 11 hedge funds, compared to 8 funds in the last quarter. Chuck Royce’s Royce & Associates is the biggest shareholder of the company, with 961,239 shares worth $29.3 million.