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

Key Points

• CSP Inc. has declared a quarterly dividend of $0.03 per share, with an annualized yield of 1.0%. This dividend will be distributed on September 15th to stockholders of record on August 29th.
• The company reported a quarterly revenue of $15.45 million and earnings of ($0.03) per share, indicating a negative return on equity of 3.18% and a negative net margin of 2.75%.
• CSP's stock remained flat at $12.13, with a market cap of $119.60 million and a PE ratio of -75.81; it has experienced a 52-week low of $9.65 and a high of $21.95.

CSP Inc. (NASDAQ:CSPI - Get Free Report) announced a quarterly dividend on Thursday, August 14th, Wall Street Journal reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.03 per share by the information technology services provider on Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 29th.

CSP Trading Up 2.2%

Shares of CSPI stock traded up $0.25 on Wednesday, reaching $11.47. 14,839 shares of the company's stock were exchanged, compared to its average volume of 21,230. The company's fifty day simple moving average is $11.48 and its 200 day simple moving average is $14.45. CSP has a 52 week low of $9.65 and a 52 week high of $21.95. The stock has a market capitalization of $113.09 million, a PE ratio of -67.47 and a beta of 0.88.

CSP (NASDAQ:CSPI - Get Free Report) last released its earnings results on Thursday, August 14th. The information technology services provider reported ($0.03) earnings per share for the quarter. CSP had a negative return on equity of 3.35% and a negative net margin of 2.78%.The business had revenue of $15.45 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.