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

Key Points

• CSG Systems International has declared a quarterly dividend of $0.32 per share, to be paid to stockholders of record on January 1st, with an annualized dividend representing a 2.0% yield.
• The company reported earnings of $1.14 per share for its last quarter, surpassing estimates, and had a net margin of 6.95% with a revenue increase of 1.5% year-over-year.
• CSG Systems International's dividend payout ratio stands at 25.1%, indicating strong earnings coverage for their dividends moving forward.

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Saturday, January 1st will be paid a dividend of 0.32 per share by the technology company on Saturday, January 1st. This represents a c) annualized dividend and a dividend yield of 2.0%.

CSG Systems International has a dividend payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of CSGS traded up $0.78 during mid-day trading on Wednesday, hitting $62.66. 507,434 shares of the stock were exchanged, compared to its average volume of 233,795. CSG Systems International has a 52-week low of $42.75 and a 52-week high of $67.60. The company has a market cap of $1.82 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.60 and a beta of 0.90. The firm has a 50-day moving average of $63.64 and a two-hundred day moving average of $62.04. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.55 and a current ratio of 1.55.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The firm had revenue of $271.55 million during the quarter, compared to analysts' expectations of $274.10 million. During the same quarter in the prior year, the company earned $1.01 EPS. The company's revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that CSG Systems International will post 3.83 earnings per share 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.

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