CSP Inc. (NASDAQ:CSPI) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Shareholders of record on Wednesday, February 28th will be given 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 yield of 3.55%. The ex-dividend date of this dividend is Tuesday, February 27th.
Shares of CSP (CSPI) opened at $12.41 on Monday. CSP has a 12 month low of $8.25 and a 12 month high of $18.89. The firm has a market capitalization of $49.33, a price-to-earnings ratio of 20.02 and a beta of 0.83.
CSP (NASDAQ:CSPI) last released its earnings results on Tuesday, December 19th. The information technology services provider reported $0.36 earnings per share for the quarter. CSP had a return on equity of 12.49% and a net margin of 1.09%. The firm had revenue of $35.72 million during the quarter.
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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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