Computer Services increases dividend for 45th consecutive year

Computer Services (CSVI) will raise its dividend by 12%.

The quarterly dividend will be increased to $0.28 per share, marking 45 consecutive years of dividend increases for theit-services company.

"We are pleased to announce a 12% increase in our cash dividend to $0.28 per share, marking our 45th consecutive year of increasing our cash dividend," stated Chief Executive Officer Steven A. Powless. "We believe this dividend increase highlights our strong cash flow from operations and our positive outlook about CSI's future.

"We are very proud of our record in growing our cash dividend and believe it is an important part in building long-term shareholder value. We also remain focused on using our strong financial position and cash flow to invest in CSI's technology, infrastructure and people to support our continued growth," Powless concluded.

The new indicated dividend yield is 3% based on the current stock price of $37 per share.

Source: Computer Services

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