CSI Board Increases Quarterly Cash Dividend By 12.0% Marks 24th Consecutive Annual Increase in Cash Dividend
PADUCAH, Ky., June 27, 2012 /PRNewswire/ -- Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly cash dividend of 14 cents per share, a 12% increase from the previous cash dividend of 12.5 cents per share. The dividend is payable on September 25, 2012, to shareholders of record as of the close of business on September 4, 2012.
"This dividend marks CSI's 24th consecutive annual increase in our cash dividend and highlights our long-term growth in revenues and earnings, and our excellent cash flow from operations," stated Chief Executive Officer Steven A. Powless. "This year's increase in our cash dividend underscores our Board's focus on building long-term shareholder value through our cash dividend program and our objective of returning a portion of CSI's earnings to our shareholders."
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet, payments processing, print and electronic distribution, and regulatory and 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 in empowering businesses to remain competitive, compliant and profitable. CSI's stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
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; and (ii) other factors discussed in CSI's Information and Disclosure Statements and other documents posted from time to time on the OTCQX website (http://www.otcqx.com/qx/home), 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. Unless required by law, CSI undertakes no obligation to update, and is not responsible for updating, the information contained in this release beyond the publication date, whether as a result of new information or future events, or to conform the statement to actual results or changes in CSI's expectations, or otherwise or for changes made to this document by wire services or Internet services.
SOURCE Computer Services, Inc.