CSP Inc. (NASDAQ:CSPI) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Stockholders of record on Wednesday, February 28th will be paid a dividend of 0.11 per share by the information technology services provider on Friday, March 16th. This represents a $0.44 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Tuesday, February 27th.
Shares of CSP (CSPI) traded down $0.24 during trading hours on Tuesday, hitting $12.72. The stock had a trading volume of 60,964 shares, compared to its average volume of 21,309. CSP has a twelve month low of $8.25 and a twelve month high of $18.89. The stock has a market capitalization of $59.83, a P/E ratio of 20.57 and a beta of 0.83.
CSP (NASDAQ:CSPI) last issued its quarterly earnings data on Tuesday, December 19th. The information technology services provider reported $0.36 earnings per share (EPS) for the quarter. CSP had a return on equity of 12.86% and a net margin of 2.14%. The business had revenue of $35.72 million for the quarter.
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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