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

CSP Inc. (NASDAQ:CSPI) announced a quarterly dividend on Friday, August 14th. Stockholders of record on Friday, August 28th will be given 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 dividend yield of 1.5%. The ex-dividend date is Friday, August 28th.

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

CSP Stock Down 3.7%

Shares of CSP stock opened at $8.05 on Friday. The firm has a market cap of $81.06 million, a price-to-earnings ratio of -114.98 and a beta of 0.85. CSP has a 52-week low of $7.45 and a 52-week high of $15.00. The company’s 50-day simple moving average is $8.34 and its 200-day simple moving average is $8.99.

CSP (NASDAQ:CSPI) last announced its quarterly earnings data on Friday, August 14th. The information technology services provider reported ($0.09) EPS for the quarter. CSP had a negative net margin of 0.20% and a negative return on equity of 0.25%. The firm 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.