CSP Inc. Announces Quarterly Dividend of $0.03 (NASDAQ:CSPI)

Key Points

• CSP Inc. (NASDAQ:CSPI) declared a quarterly dividend of $0.03 per share, payable June 15 to shareholders of record on May 21, implying an annualized yield of about 1.3%.
• Shares rose 1.4% to $9.32 on the news; the company reported $0.03 EPS on $16.01M in quarterly revenue, has a market cap of about $92.4M and negative profitability metrics (P/E -186.4, negative net margin), signaling limited earnings power.
• The dividend has been essentially flat over the past three years but has increased in each of the last two years.

CSP Inc. (NASDAQ:CSPI - Get Free Report) declared a quarterly dividend on Thursday, May 7th. Investors of record on Thursday, May 21st will be given a dividend of 0.03 per share by the information technology services provider on Monday, June 15th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, May 21st.

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

CSP Stock Up 1.4%

CSPI traded up $0.13 on Thursday, reaching $9.32. 16,923 shares of the company traded hands, compared to its average volume of 20,360. CSP has a one year low of $7.55 and a one year high of $16.98. The firm has a fifty day simple moving average of $8.86 and a two-hundred day simple moving average of $10.76. The company has a market cap of $92.36 million, a P/E ratio of -186.40 and a beta of 0.80.

CSP (NASDAQ:CSPI - Get Free Report) last issued its earnings results on Thursday, May 7th. The information technology services provider reported $0.03 EPS for the quarter. The business had revenue of $16.01 million for the quarter. CSP had a negative net margin of 0.87% and a negative return on equity of 1.04%.

CSP Company Profile

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.

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