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CompX International — A Cheap, High-Yield Hidden Gem?
Picture this: An obscure, inexpensive, high-yield dividend stock that’s profitable and debt-free. You may think this too good to be true, but CompX International ($CIX) checks all five boxes.
This isn’t your typical high-yielding value trap or debt-ridden BDC.
CompX International is a successful, albeit confusing, small-cap stock. In today’s article, we’ll look at what CompX does — and why it might be an interesting income investment.
What Is CompX International?
I stumbled on this company by accident while researching “National Lead” (an initial component of the Dow Jones Industrial Average) for a different article.
CompX is actually a spin-off of National Lead (more on this in a moment) that manufactures locks and marine equipment.
The company’s security segment is a stable, steady business that produces locks for mailboxes, desk drawers, vending machines, and toolboxes. Boring but necessary. And CompX even has something of a monopoly when it comes to postal lock systems.
