PADUCAH, Ky.–(BUSINESS WIRE)–Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of
Directors declared a quarterly cash dividend of $0.36 per share.
The dividend is payable on March 29, 2019, to shareholders of record as
of the close of business on March 15, 2019. The quarterly dividend
represents an indicated annual dividend rate of $1.44 per share.
“This quarter’s dividend represents a 16.1% increase over the cash
dividend paid in the same quarter last year,” stated Chairman and CEO
Steven A. Powless. “CSI’s Board of Directors has increased the cash
dividend paid to shareholders in each of the last 47 years, highlighting
the continued growth of our company.
“We believe our dividend program is an important part of building
long-term shareholder value along with our stock repurchase program. We
also remain focused on investing 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,
digital banking, 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. CSVI meets the financial media’s “Dividend
Aristocrats” criterion of having 25+ years of consecutive annual
dividend increases. 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; and (iii) other factors discussed in CSI’s Annual Reports,
Quarterly Reports, Information and Disclosure Statements and other
documents posted from time to time on the OTCQX website (available at 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.
