Computer Services (CSVI) will raise its quarterly dividend by 16.1 percent to $0.36 per share in 2018. This marks the 47th consecutive year of annual dividend increases by company.

The next dividend is payable on June 25, 2018, to shareholders of record as of the close of business on June 1, 2018. The new annual dividend yields 2.9% at the current stock price of $49.15.

“CSI’s cash dividend is an important part of building long-term shareholder value,” stated Chairman and CEO Steven A. Powless. “This quarter’s dividend represents a 10.7% increase over the cash dividend paid in the same quarter last year.

“We expect to fund the dividend from our strong cash flow from operations. We also expect to increase our investments in hardware, software and facilities in fiscal 2019, and believe our investments will contribute to CSI’s future growth,” Powless concluded.

Computer Services, Inc. (CSI), including its subsidiaries, delivers core processing, digital banking, managed services, payments processing, print and electronic distribution, treasury management and regulatory compliance solutions to financial institutions and corporate customers in the United States. CSI derives its revenues from processing services, maintenance and support fees; software licensing and installation fees; professional services; and equipment and supply sales. The company's integrated banking solutions include digital banking; check imaging; cash management; branch and merchant capture; print and mail, and electronic document delivery services; corporate intranets; secure Web hosting; e-messaging; teller and platform services; ATM and debit card service and support; payments solutions; risk assessments; network management; cloud-based managed services; and compliance software and services for regulatory compliance, homeland security, anti-money laundering, anti-terrorism financing and fraud prevention. CSI was incorporated on March 19, 1965 and paid its first dividend in 1968.