CSP Inc. (NASDAQ:CSPI) to Issue $0.15 Quarterly Dividend

CSP Inc. (NASDAQ:CSPI) declared a quarterly dividend on Wednesday, February 12th, Zacks reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.15 per share by the information technology services provider on Friday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Thursday, February 27th.

CSP has raised its dividend payment by an average of 2.9% per year over the last three years and has raised its dividend every year for the last 7 years.

CSPI stock traded up $0.11 during midday trading on Friday, reaching $13.55. The stock had a trading volume of 2,238 shares, compared to its average volume of 6,380. The company’s fifty day simple moving average is $13.54 and its 200 day simple moving average is $13.29. The company has a market cap of $56.03 million, a price-to-earnings ratio of -135.51 and a beta of 1.09. CSP has a 52-week low of $9.31 and a 52-week high of $15.85.

CSP (NASDAQ:CSPI) last announced its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported ($0.14) earnings per share for the quarter. The firm had revenue of $16.57 million during the quarter. CSP had a negative net margin of 0.47% and a negative return on equity of 1.60%.

Separately, ValuEngine lowered CSP from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th.

About CSP

CSP Inc develops and markets IT integration solutions, security and managed services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide. The company's High Performance Products segment offers computing systems for digital signal processing applications in the defense market; Ethernet adapters and solutions for various applications in the packet capture, financial transaction, and storage interconnect markets; ARC Series adapters for financial trading and network monitoring; and nVoy Series products comprising 100G Packet Broker and 10G Packet Recorder, and specialized software under the Myricom brand.

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Dividend History for CSP (NASDAQ:CSPI)

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