CSG Systems International (CSGS) will raise its quarterly dividend by 5.6 percent to $0.235 per share in the first quarter of 2020. This follows a 6.0 percent dividend hike by the company last year.

The next dividend will be paid on March 25, 2020 for shareholders of record as of the close of business on March 6, 2020. The new annual dividend op 94 cents per share yields 1.9% at a stock price of $50.

CSG Systems International, Inc. is a revenue management and digital monetization, customer experience, and payment solutions provider. The company provides software and services that help companies around the world monetize and digitally enable the customer experience. Most of the company's revenues are generated from cable and satellite providers. CSG Systems International became a public company in 1996 and has paid a dividend every year since 2013.