CSG Systems International, Inc. (NASDAQ:CSGS) Announces Dividend Increase – $0.32 Per Share

CSG Systems International, Inc. (NASDAQ:CSGS) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.32 per share by the technology company on Wednesday, April 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, March 19th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30.

CSG Systems International has raised its dividend by an average of 6.3% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. CSG Systems International has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Analysts expect CSG Systems International to earn $3.64 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 33.0%.

CSG Systems International Trading Up 5.5 %

Shares of CSGS traded up $3.40 during mid-day trading on Thursday, reaching $65.06. The company had a trading volume of 736,338 shares, compared to its average volume of 286,336. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The firm has a fifty day simple moving average of $53.54 and a 200-day simple moving average of $50.23. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $65.53.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. On average, sell-side analysts anticipate that CSG Systems International will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CSGS shares. Stifel Nicolaus lifted their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday. Cantor Fitzgerald lifted their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research note on Tuesday, November 5th. StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.17.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.