CSP Inc. (NASDAQ:CSPI) Plans $0.03 Quarterly Dividend

CSP Inc. (NASDAQ:CSPI) declared a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.03 per share by the information technology services provider on Monday, March 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, February 24th.

CSP Stock Performance

NASDAQ:CSPI traded up $0.34 during mid-day trading on Tuesday, reaching $20.10. The stock had a trading volume of 24,840 shares, compared to its average volume of 30,830. CSP has a one year low of $10.76 and a one year high of $29.92. The firm has a 50 day moving average price of $17.13 and a two-hundred day moving average price of $14.77. The stock has a market capitalization of $198.59 million, a P/E ratio of -401.92 and a beta of 1.47.

CSP (NASDAQ:CSPI) last released its earnings results on Monday, February 10th. The information technology services provider reported $0.05 EPS for the quarter. CSP had a negative net margin of 0.78% and a negative return on equity of 0.91%.

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.