This Stock Is A Debt-Free Money Printer

Debt free business. Massive dividend growth. High-yield. Special payouts.

Those are all phrases that perfectly describe CompX International ($CIX).

This is an obscure, small cap stock with no debt, rapid dividend growth, and a 4% starting dividend.

CompX International is a spin-off of “National Lead,” one of the original Dow Jones components, and CompX manufactures locks and boat equipment.

And while this may sound like a boring and low-profit business, CompX has a surprisingly wide moat.

CompX makes the locks that are used on United States Postal Service mailboxes. And, like military equipment, there are certain quality specifications and production guidelines that keep competitors out.

Speaking of the military, CompX’s boating unit, CompX Marine, makes aftermarket parts for U.S. military and government vessels.

Government contracts and a portfolio of essential products, like cabinet locks and keypads, make this a profitable business. As mentioned earlier, CompX has zero debt. And, the company is steadily raising its dividend.

CompX International Fundamentals

CompX International currently trades at a price to earnings ratio of 19.41, well below the S&P…