CSG Systems International, Inc. (CSGS) To Go Ex-Dividend on December 22nd

CSG Systems International, Inc. (NASDAQ:CSGS) declared a quarterly dividend on Friday, November 14th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.32 per share by the technology company on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, December 22nd.

CSG Systems International has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. CSG Systems International has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CSG Systems International to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 30.6%.

CSG Systems International Price Performance

Shares of CSGS opened at $77.01 on Friday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.00 and a beta of 0.88. CSG Systems International has a fifty-two week low of $49.23 and a fifty-two week high of $79.20. The firm has a 50-day simple moving average of $74.97 and a 200-day simple moving average of $67.69. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. The firm had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. On average, equities research analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Company Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.