CSI Increases Cash Dividend 16.7% to $0.21 Per Share
COMPUTER SVCS INC (CSVI)
NASDAQ:AMEX Investor Relations:
csiweb.com/investor-relations
Company Research
Source: Business Wire
48th Consecutive Annual Increase in CSI Cash Dividend PADUCAH, Ky.--(BUSINESS WIRE)--Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors approved a 16.7% increase in the quarterly cash dividend to $0.21 per share. The dividend is payable on September 25, 2019, to shareholders of record as of the close of business on September 3, 2019. The quarterly dividend increased from $0.18 per share on a post-stock split basis and represents an indicated annual dividend rate of $0.84 per share on the new rate of $0.21 per share.“We are pleased to announce our 48th consecutive year of increased cash dividends paid to stockholders,” stated Chairman and CEO Steven A. Powless. “The new dividend amount represents a 16.7% increase over the cash dividend per share paid in fiscal 2019. We expect to fund the increased dividend with our strong cash flow from operations.“We are very proud of our 48-year record of growing our cash dividend and believe it has been an important
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