CSP Inc. (NASDAQ:CSPI) to Issue $0.03 Quarterly Dividend

CSP Inc. (NASDAQ:CSPI) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.03 per share by the information technology services provider on Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Monday, February 24th.

CSP Price Performance

Shares of NASDAQ:CSPI traded up $0.11 during trading on Wednesday, hitting $20.21. The company’s stock had a trading volume of 5,170 shares, compared to its average volume of 29,936. The firm has a market cap of $199.67 million, a price-to-earnings ratio of -401.92 and a beta of 1.47. The company has a 50-day moving average of $17.13 and a 200-day moving average of $14.77. CSP has a 12 month low of $10.76 and a 12 month high of $29.92.

CSP (NASDAQ:CSPI) last released its quarterly earnings results on Monday, February 10th. The information technology services provider reported $0.05 earnings per share for the quarter. CSP had a negative net margin of 0.78% and a negative return on equity of 0.91%.

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.