PADUCAH, Ky. – (October 10, 2016) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly cash dividend of $0.28 per share. The dividend is payable on December 27, 2016, to shareholders of record as of the close of business on December 1, 2016. The quarterly dividend represents an indicated annual dividend rate of $1.12 per share.
“CSI’s Board of Directors believes our cash dividend program is an important component of building long-term value for our shareholders,” stated Chief Executive Officer Steven A. Powless. “This quarter’s cash dividend represents a 12% increase compared with the $0.25 per share amount paid last year and highlights CSI’s strong balance sheet and our excellent cash flow from operations.”
About Computer Services, Inc.
Computer Services, Inc. (CSI) 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.