Communications Systems, Inc. (NASDAQ:JCS) declared a quarterly dividend on Monday, August 19th, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.02 per share by the communications equipment provider on Tuesday, October 1st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, September 13th.
Communications Systems has decreased its dividend payment by an average of 37.0% per year over the last three years. Communications Systems has a payout ratio of -10.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Communications Systems stock traded down $0.10 during mid-day trading on Tuesday, reaching $4.24. 100 shares of the company’s stock traded hands, compared to its average volume of 31,297. The company has a market cap of $41.03 million, a price-to-earnings ratio of -5.93 and a beta of 0.89. The stock has a 50 day moving average of $3.51 and a two-hundred day moving average of $2.96. The company has a quick ratio of 3.41, a current ratio of 4.94 and a debt-to-equity ratio of 0.01. Communications Systems has a 12-month low of $2.03 and a 12-month high of $4.47.
About Communications Systems
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
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