CSI Declares $0.25 Per Share Cash Dividend

Rhea-AI Summary

Computer Services, Inc. (CSI) (OTCQX: CSVI) declared a quarterly cash dividend of $0.25 per share, scheduled for payment on June 25, 2021, to shareholders recorded by June 1, 2021. This dividend marks a 19.1% increase from the previous year, highlighting CSI's 49th consecutive year of dividend growth. Chairman Steven A. Powless noted that the increase reflects the company's commitment to returning earnings to shareholders while also investing in technology, infrastructure, and personnel to drive future growth.

Positive

• Quarterly cash dividend increased by 19.1% to $0.25 per share.
• 49th consecutive year of dividend increases signifies strong financial health.
• Continued investment in technology and infrastructure supports long-term growth.

Negative

• None.

Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors approved a quarterly cash dividend of $0.25 per share. The dividend is payable on June 25, 2021, to shareholders of record as of the close of business on June 1, 2021.

“CSI is proud to announce a quarterly dividend of $0.25 per share, an increase of 19.1% from the corresponding quarterly cash dividend paid last year,” stated Chairman and CEO Steven A. Powless. “This is the 49^th consecutive year for an increase in the Company’s regular cash dividend and highlights our long-term record of profitable growth and returning a portion of CSI’s earnings to shareholders through our cash dividend program. We also continue to use CSI’s strong cash flow to invest in new technology, infrastructure and people to support our continued growth.”

About Computer Services, Inc.

Computer Services, Inc. (CSI) delivers innovative financial technology and regulatory compliance solutions to financial institutions and corporate customers across the nation. Through a combination of expert service, cutting-edge technology and a customer-first mentality, CSI excels at driving businesses forward in a rapidly changing industry. CSI’s expertise and commitment to authentic partnerships has resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, American Banker’s Best Fintechs to Work For 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.

Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. All statements except historical statements contained herein constitute “forward-looking statements.” Forward-looking statements are inherently uncertain and are based only on current expectations and assumptions that are subject to future developments that may cause results to differ materially.

Readers should carefully consider: (i) economic, competitive, technological and governmental factors affecting CSI’s operations, customers, markets, services, products and prices; (ii) risk factors affecting the financial services information technology industry generally including, but not limited to, cybersecurity risks that may result in increased costs for us to protect against the risks, as well as liability or reputational damage to CSI in the event of a breach of our security; (iii) risk factors affecting the United States economy generally including without limitation acts of terrorism, military actions including war, and viral epidemics and pandemics that alter human behaviors, including the COVID-19 pandemic and its effect on our business operations and financial results; (iv) increasing domestic and international regulation imposing burdensome requirements regarding the privacy of consumer data especially consumer financial transaction data of which CSI possesses substantial quantities; and (v) other factors discussed in CSI's Annual Reports, Quarterly Reports, news releases and other documents posted from time to time on the OTCQX website (www.otcmarkets.com), including without limitation, the description of the nature of CSI's business and its management discussion and analysis of financial condition and results of operations for reported periods. Except as required by law or OTC Markets Group, Inc., CSI undertakes no obligation to update, and is not responsible for updating, the information contained or incorporated by reference in this report beyond the publication date, whether as a result of new information or future events, or to conform this document to actual results or changes in CSI's expectations, or for changes made to this document by wire services or Internet services or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210504005108/en/

FAQ

What is the dividend amount declared by CSVI?

CSVI declared a quarterly cash dividend of $0.25 per share.

When will the CSVI dividend be paid?

The dividend will be paid on June 25, 2021.

What is the record date for CSVI's dividend?

The record date for the dividend is June 1, 2021.

How much has the CSVI dividend increased compared to last year?

The dividend has increased by 19.1% compared to last year.

How many years has CSVI been increasing its dividend?

CSVI has increased its dividend for 49 consecutive years.