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Computer Services, Inc. (CSVI) announced a quarterly cash dividend of $0.27 per share, payable on June 27, 2022, to shareholders of record as of June 1, 2022. This dividend reflects an 8.0% increase compared to the same quarter last year, marking over 50 years of increased cash dividends. Executive Chairman Steven A. Powless emphasized the company's strong fiscal 2022 results and commitment to continued success into fiscal 2023.
Positive
Quarterly cash dividend of $0.27 per share, with an 8.0% year-over-year increase.
Over 50 years of consecutive dividend increases, indicating strong shareholder value.
Strong fiscal 2022 results contribute to confidence in future performance.
Negative
None.
PADUCAH, Ky.--(BUSINESS WIRE)--
Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors approved a quarterly cash dividend of $0.27 per share. The dividend is payable on June 27, 2022, to shareholders of record as of the close of business on June 1, 2022.
“Our excellent results for fiscal 2022 are highlighted by this quarter’s dividend of $0.27 per share, representing an 8.0% increase in the cash dividend paid compared with the same quarter last year. We are proud of our record of paying increased cash dividends over the last 50 years, and we remain focused on continuing to build upon our success as we enter fiscal 2023,” stated Executive Chairman Steven A. Powless.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core processing, digital banking, managed services, payments processing, print and electronic document distribution, and regulatory compliance solutions to financial institutions and corporate customers, both foreign and domestic. Management believes 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 IDC Financial Insights FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers lists. CSI has also been recognized by Aite Group, a leading industry research firm, as providing the “best user experience” in its AIM Evaluation: The Leading Providers of U.S. Core Banking Systems. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information, visit 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.
