45th Consecutive Annual Increase in CSI Cash Dividend
PADUCAH, Ky. – (July 6, 2016) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors approved a 12% increase in the quarterly cash dividend to $0.28 per share. The dividend is payable on September 26, 2016, to shareholders of record as of the close of business on September 1, 2016. The quarterly dividend increased from $0.25 per share and represents an indicated annual dividend rate of $1.12 per share on the new rate of $0.28 per share.
“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.
About Computer Services, Inc.
Computer Services, Inc. delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation, and have resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.