Wednesday, May 18, 2016

Recent Buy - Compass Minerals (CMP)

Earlier this week I added to my position in Compass Minerals (CMP). CMP is one of the smallest companies in terms of market cap that I have in my portfolio and it is also one of the smallest in terms of portfolio weight. CMP has been beaten down a bit after the mild winter hurt their salt sales so I decided to buy some more shares here.

Compass Minerals produces salt, plant nutrients and magnesium chloride for distribution primarily in North America. CMP also provides secure records storage in a retired mine in the U.K. Products from Compass Minerals serve a variety of applications in industrial, agricultural, commercial and consumer markets.

If you want a nice analysis of CMP be sure and check out Simply Safe Dividend's article here.

I bought 14 Shares of CMP @ $76.75 for a total of $1074.50

CMP Stock Chart


CMP Basic Stats
  • Ticker Symbol: CMP
  • Sector: Materials
  • Yield: 3.6%
  • Dividend Growth Streak: 12 years
  • Annualized Dividend Growth 3yr: 10%
  • Payout Ratio: 61%
  • P/E Ratio: 17.2
  • Market cap: $2.5 Billion
  • Website: http://www.compassminerals.com

CMP Dividend Growth

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12 comments:

  1. Adam - IWTRSMay 19, 2016 at 5:40 AM

    Nice buy! You dont see this name pop up much but I still like it. My stake is down slightly but the dividend growth looks solid so its always on my list of potential buys.

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    1. Captain DividendMay 19, 2016 at 2:06 PM

      Ya I was down a bit as well and this gave me an opportunity to average down a bit. The dividend growth was one of the reasons I found CMP attractive in the first place. A 10% DGR on top of a 3%+ yielder is always a nice combo. Thanks for stopping by!

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  2. UnknownMay 20, 2016 at 11:15 AM

    Thanks for sharing Captain. I've never looked into this company. The metrics you shared look good though.

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    1. Captain DividendMay 20, 2016 at 6:13 PM

      Glad I could put it on your radar. I feel like I have a few of these stocks that a lot of people have never heard of before. FLO is one of those that I considered somewhat unknown but is actually getting more attention lately, maybe I had a small part in that who knows. :-p

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  3. ELMay 20, 2016 at 5:06 PM

    Good buy and the fundamentals look pretty decent for a small company. The yield and the growth rate are on point with my target buys. Thanks for sharing.

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    1. Captain DividendMay 20, 2016 at 6:14 PM

      Sure one day we could be looking at another dividend champion. Hope so!

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  4. Dividend Family GuyMay 22, 2016 at 2:14 PM

    Wow most of what I see meets my screen. I will have to check them out more as I am not sure why it doesn't make the cut.
    Thanks for sharing.
    DFG

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  5. The Broke Dividend InvestorMay 22, 2016 at 5:33 PM

    hey Captain, looking good. I've seen a lot on different blogs about this company but after my experience with BBL i might stay out of this one. lol

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    1. Captain DividendMay 22, 2016 at 6:54 PM

      I don't blame you for being gun shy after that. I went through a similar feeling with KMI earlier this year. :-(

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  6. Millennial MoolaMay 31, 2016 at 11:17 AM

    I've been burned by a lot of the oil producers who had good dividend growth records, but hoping that this minerals stock is better for you than oil was for me!

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