CSP Inc. Announces Quarterly Dividend of $0.03 (NASDAQ:CSPI)

CSP Inc. (NASDAQ:CSPI) declared a quarterly dividend on Friday, August 14th. Shareholders of record on Friday, August 28th will be paid a dividend of 0.03 per share by the information technology services provider on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 28th.

CSP has decreased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years.

CSP Price Performance

Shares of NASDAQ:CSPI traded down $0.31 on Friday, reaching $8.05. The company’s stock had a trading volume of 37,130 shares, compared to its average volume of 25,870. The stock’s 50-day moving average is $8.35 and its two-hundred day moving average is $9.00. CSP has a 52-week low of $7.45 and a 52-week high of $15.00. The stock has a market capitalization of $81.08 million, a P/E ratio of -805.00 and a beta of 0.85.

CSP (NASDAQ:CSPI) last announced its earnings results on Friday, August 14th. The information technology services provider reported ($0.09) earnings per share for the quarter. CSP had a negative return on equity of 0.25% and a negative net margin of 0.20%.The business had revenue of $14.40 million for the quarter.

About CSP

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.