MIND C.T.I. Ltd Announces Annual Dividend of $0.22 (NASDAQ:MNDO)

MIND C.T.I. Ltd (NASDAQ:MNDO) announced an annual dividend on Wednesday, March 5th, Wall Street Journal reports. Investors of record on Tuesday, March 25th will be given a dividend of 0.22 per share by the information technology services provider on Thursday, April 10th. This represents a dividend yield of 10.9%. The ex-dividend date of this dividend is Tuesday, March 25th.

MIND C.T.I. has decreased its dividend payment by an average of 2.6% annually over the last three years.

MIND C.T.I. Price Performance

Shares of MNDO stock opened at $2.02 on Thursday. MIND C.T.I. has a one year low of $1.70 and a one year high of $2.28. The stock has a fifty day moving average price of $2.05 and a 200 day moving average price of $1.99. The stock has a market cap of $40.65 million, a P/E ratio of 9.18 and a beta of 0.79.

MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings results on Tuesday, March 4th. The information technology services provider reported $0.06 EPS for the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%. The firm had revenue of $5.20 million during the quarter.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.