CSG Systems International, Inc. (NASDAQ:CSGS) to Issue $0.32 Quarterly Dividend

Key Points

• CSG Systems International, Inc. declared a quarterly dividend of $0.32 per share, payable on October 3rd to stockholders of record on September 19th, representing a 2.1% yield.
• The company reported earnings per share (EPS) of $1.16, exceeding analysts' expectations by $0.12, along with a revenue of $271.26 million for the most recent quarter.
• Analysts have a consensus rating of "Buy" for CSG Systems International, with an average price target of $71.29, reflecting positive investor sentiment.

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) declared a quarterly dividend on Sunday, October 5th, Wall Street Journal reports. Investors of record on Friday, September 19th will be given a dividend of 0.32 per share by the technology company on Friday, October 3rd. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, September 19th.

CSG Systems International has a payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CSG Systems International to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 30.6%.

CSG Systems International Trading Up 2.4%

CSG Systems International stock traded up $1.51 during trading on Friday, hitting $63.17. The company's stock had a trading volume of 211,117 shares, compared to its average volume of 285,451. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.60 and a beta of 0.90. The stock's fifty day moving average is $63.16 and its 200 day moving average is $62.57. CSG Systems International has a 1-year low of $44.57 and a 1-year high of $67.60. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.56 and a current ratio of 1.56.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its earnings results on Wednesday, August 6th. The technology company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.04 by $0.12. The firm had revenue of $271.26 million during the quarter, compared to analyst estimates of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 earnings per share. As a group, equities research analysts predict that CSG Systems International will post 3.83 EPS for the current year.

About CSG Systems International

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.