CSP Inc. (CSPI) to Issue Quarterly Dividend of $0.03 on January 15th

CSP Inc. (NASDAQ:CSPI) declared a quarterly dividend on Friday, December 13th,Wall Street Journal reports. Investors of record on Friday, December 27th will be paid a dividend of 0.03 per share by the information technology services provider on Wednesday, January 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th.

CSP Stock Up 3.4 %

CSPI opened at $15.85 on Wednesday. CSP has a twelve month low of $9.07 and a twelve month high of $29.92. The stock has a market capitalization of $154.76 million, a price-to-earnings ratio of 56.61 and a beta of 1.44. The firm has a 50 day moving average price of $14.62 and a 200-day moving average price of $14.18.

CSP (NASDAQ:CSPI) last announced its earnings results on Friday, December 20th. The information technology services provider reported ($0.18) earnings per share (EPS) for the quarter. CSP had a net margin of 4.42% and a return on equity of 5.38%.

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.