Computer Services (CSVI) will pay a special dividend to shareholders. The $1.00 per share special dividend is payable on December 30, 2020, to shareholders of record as of the close of business on December 22, 2020.
“We are pleased to announce a $1.00 special cash dividend to be paid from cash on hand to enhance shareholder value,” stated Chairman and CEO Steven A. Powless. “We expect that our remaining cash reserves combined with our strong cash flow from operations will allow CSI to continue to invest in our technology, infrastructure and people to support our long-term growth strategy. CSI also has no debt and substantial borrowing capacity making us well-positioned to take advantage of acquisition opportunities as they arise.”
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.