 Solution

True. The canonical projection of a quotient set $p:X\to X/\sim$ is a continuous surjection. Its image is compact by the continuous image of a compact space theorem.

For connectedness, if $U,V$ formed a separation of a topological space of $X/\sim$, then the preimages $p^{-1}(U),p^{-1}(V)$ would be disjoint nonempty open sets covering $X$, contradicting its connectedness. This proves the continuous image of a connected space theorem in this case. Hence the quotient space is both compact and connected.