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

CSP Inc. (NASDAQ:CSPI) announced a quarterly dividend on Monday, December 23rd,Wall Street Journal reports. Shareholders of record on Friday, December 27th will be paid a dividend of 0.03 per share by the information technology services provider on Wednesday, January 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, December 27th.

CSP Price Performance

CSPI traded up $0.41 during trading on Monday, hitting $15.33. The company had a trading volume of 47,571 shares, compared to its average volume of 79,303. The business has a 50-day moving average of $14.57 and a 200-day moving average of $14.17. CSP has a 1-year low of $9.07 and a 1-year high of $29.92. The company has a market cap of $149.68 million, a PE ratio of 54.75 and a beta of 1.44.

CSP (NASDAQ:CSPI) last announced its quarterly earnings results on Friday, December 20th. The information technology services provider reported ($0.18) EPS for the quarter. CSP had a net margin of 4.42% and a return on equity of 5.38%.

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.