CSG Systems International, Inc. (NASDAQ:CSGS) Increases Dividend to $0.32 Per Share

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be given 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 2.02%. The ex-dividend date is Wednesday, March 19th. This is a positive change from CSG Systems International's previous quarterly dividend of $0.30.

CSG Systems International has increased its dividend payment by an average of 6.3% per year over the last three years and has raised its dividend every year for the last 12 years. CSG Systems International has a dividend payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CSG Systems International to earn $4.14 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 30.9%.

CSG Systems International Stock Performance

Shares of NASDAQ:CSGS traded down $0.90 during trading hours on Monday, hitting $63.49. The stock had a trading volume of 356,875 shares, compared to its average volume of 292,376. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. The stock's fifty day simple moving average is $53.94 and its 200 day simple moving average is $50.55. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.77 and a beta of 0.89. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $65.53.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. Sell-side analysts anticipate that CSG Systems International will post 3.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CSGS. Northland Securities reaffirmed an "outperform" rating and issued a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a report on Thursday. StockNews.com lowered shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Cantor Fitzgerald raised their price objective on shares of CSG Systems International from $64.00 to $72.00 and gave the company an "overweight" rating in a research note on Thursday. Stifel Nicolaus upped their target price on CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Benchmark reiterated a "buy" rating and set a $75.00 price target on shares of CSG Systems International in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $71.17.

About CSG Systems International

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.