CSP Inc. (CSPI) To Go Ex-Dividend on December 26th

by · The Cerbat Gem

CSP Inc. (NASDAQ:CSPI – Get Free Report) declared a quarterly dividend on Tuesday, December 16th. Shareholders of record on Friday, December 26th will be given a dividend of 0.03 per share by the information technology services provider on Thursday, January 15th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, December 26th.

CSP has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 2 consecutive years.

CSP Price Performance

CSP stock opened at $13.02 on Wednesday. CSP has a 12-month low of $9.65 and a 12-month high of $21.95. The stock has a market capitalization of $128.90 million, a PE ratio of -1,302.00 and a beta of 0.67. The firm has a 50 day simple moving average of $12.29 and a 200-day simple moving average of $11.90.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of CSP by 3,943.3% during the 2nd quarter. Bank of America Corp DE now owns 2,426 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 2,366 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of CSP during the second quarter worth $33,000. JPMorgan Chase & Co. lifted its holdings in shares of CSP by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 26,079 shares of the information technology services provider’s stock valued at $337,000 after purchasing an additional 3,279 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of CSP during the second quarter valued at $49,000. Finally, Raymond James Financial Inc. acquired a new position in shares of CSP in the 2nd quarter valued at $91,000. Institutional investors and hedge funds own 26.74% of the company’s stock.

About CSP

(Get Free Report)

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.

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