CSP Inc. (CSPI) to Issue Quarterly Dividend of $0.03 on September 15th

CSP Inc. (NASDAQ:CSPI) announced a quarterly dividend on Friday, August 14th. Investors of record on Friday, August 28th will be paid a dividend of 0.03 per share by the information technology services provider on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 28th.

CSP has decreased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years.

CSP Stock Down 0.4%

CSP stock opened at $7.50 on Wednesday. CSP has a 52-week low of $7.11 and a 52-week high of $15.00. The firm’s fifty day moving average is $8.15 and its 200 day moving average is $8.79. The company has a market cap of $75.60 million, a price-to-earnings ratio of -107.13 and a beta of 0.85.

CSP (NASDAQ:CSPI) last issued its quarterly earnings data on Friday, August 14th. The information technology services provider reported ($0.09) EPS for the quarter. CSP had a negative return on equity of 1.56% and a negative net margin of 1.22%.The business had revenue of $14.40 million during the quarter.

About CSP

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.