CSP Inc. to Issue Quarterly Dividend of $0.11 (CSPI)
CSP Inc. (NASDAQ:CSPI) declared a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.11 per share by the information technology services provider on Tuesday, January 16th. This represents a $0.44 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Thursday, December 28th.
CSP (NASDAQ:CSPI) traded down $0.09 during midday trading on Wednesday, hitting $11.39. 17,221 shares of the stock traded hands, compared to its average volume of 8,009. CSP has a twelve month low of $8.25 and a twelve month high of $11.99. The stock has a market capitalization of $42.38, a price-to-earnings ratio of 26.34 and a beta of 0.71.
CSP (NASDAQ:CSPI) last posted its quarterly earnings data on Tuesday, December 19th. The information technology services provider reported $0.36 EPS for the quarter. The business had revenue of $35.72 million during the quarter. CSP had a net margin of 1.55% and a return on equity of 8.82%.
CSP Inc and its subsidiaries develop and market information technology (IT) integration solutions, security and managed services, network adapters, and cluster computer systems. The Company operates in two segments: High Performance Products (HPP) and Technology Solutions (TS). The HPP segment comprises two product lines: its Multicomputer product portfolio of computing systems for digital signal processing (DSP) applications within the defense market, and its Myricom product line of network Ethernet adapters that are offered to both commercial and government customers.
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