MIND C.T.I. Ltd (NASDAQ:MNDO) Plans $0.22 Annual Dividend

MIND C.T.I. Ltd (NASDAQ:MNDO) declared an annual dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Tuesday, March 25th will be paid a dividend of 0.22 per share by the information technology services provider on Thursday, April 10th. This represents a yield of 10.9%. The ex-dividend date is Tuesday, March 25th.

MIND C.T.I. has decreased its dividend payment by an average of 2.6% annually over the last three years.

MIND C.T.I. Stock Up 2.3 %

Shares of NASDAQ MNDO opened at $2.03 on Friday. The firm’s 50-day moving average price is $2.04 and its two-hundred day moving average price is $2.00. MIND C.T.I. has a 52-week low of $1.70 and a 52-week high of $2.13. The stock has a market capitalization of $40.85 million, a P/E ratio of 9.23 and a beta of 0.76.

MIND C.T.I. (NASDAQ:MNDO) last issued its earnings results on Tuesday, March 4th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%. The firm had revenue of $5.20 million for the quarter.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.