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

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 of this dividend is Friday, August 28th.

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

CSP Stock Down 3.7%

Shares of CSP stock traded down $0.31 during trading on Friday, reaching $8.05. The company’s stock had a trading volume of 37,130 shares, compared to its average volume of 25,870. The business has a 50 day moving average price of $8.35 and a 200-day moving average price of $9.00. CSP has a 12-month low of $7.45 and a 12-month high of $15.00. The company has a market capitalization of $81.08 million, a P/E ratio of -805.00 and a beta of 0.85.

CSP (NASDAQ:CSPI) last released its quarterly earnings data on Friday, August 14th. The information technology services provider reported ($0.09) earnings per share (EPS) for the quarter. CSP had a negative return on equity of 0.25% and a negative net margin of 0.20%.The business had revenue of $14.40 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CSP in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

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.