CSI INCREASES CASH DIVIDEND 13.6% TO $0.25 PER SHARE
44th Consecutive Annual Increase in CSI Cash Dividend
PADUCAH, Ky. – (July 13, 2015) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors approved a 13.6% increase in the quarterly cash dividend to $0.25 per share. The dividend is payable on September 25, 2015, to shareholders of record as of the close of business on September 1, 2015. The quarterly dividend increased from $0.22 per share and represents an indicated annual dividend rate of $1.00 per share on the new rate of $0.25 per share.
“This dividend marks our 44th consecutive year of increasing our cash dividend and represents a 13.6% increase in our cash dividend compared with the amount paid last year,” stated Chief Executive Officer Steven A. Powless. “We are proud of our long-term record in building shareholder value through our cash dividend program.
“CSI recently reported record revenues and net income for our first fiscal quarter ending May 31, 2015. We remain focused on customer retention and satisfaction; sales and market expansion; marketing and brand awareness; and product innovation as key drivers for building revenues, earnings and returns to our shareholders. We intend to use our solid cash flow and earnings to invest in technology, infrastructure and people to support CSI’s continued growth to fund future increases in our cash dividend,” concluded Powless.