CSI Announces Two-for-One Stock Split
PADUCAH, Ky. (April 1, 2019) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced today that its Board of Directors declared a two-for-one stock split in the form of a stock dividend. The stock dividend is payable on April 30, 2019, to shareholders of record on April 11, 2019.
Chairman and CEO Steven A. Powless commented, “We are pleased to announce the two-for-one stock split to improve the affordability of our shares going forward. Our stock price has reflected our excellent history in growing revenue, earnings and our cash dividends paid to CSI shareholders. Last year, we marked our 18th consecutive year of revenue growth and our 21st consecutive year of earnings growth. In addition, we have increased our cash dividend paid to shareholders for 47 consecutive years. Our Board of Directors remains focused on building long-term shareholder value through our cash dividend, stock repurchase programs and stock splits.”
About Computer Services, Inc.
Computer Services, Inc. delivers core processing, managed services, digital banking, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation, and have resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. All statements except historical statements contained herein constitute “forward-looking statements.” Forward-looking statements are inherently uncertain and are based only on current expectations and assumptions that are subject to future developments that may cause results to differ materially. Readers should carefully consider: (i) economic, competitive, technological and governmental factors affecting CSI’s operations, customers, markets, services, products and prices; (ii) risk factors affecting the financial services information technology industry generally including, but not limited to, cybersecurity risks that may result in increased costs for us to protect against the risks, as well as liability or reputational damage to CSI in the event of a breach of our security; and (iii) other factors discussed in CSI's Annual Reports, Quarterly Reports, Information and Disclosure Statements and other documents posted from time to time on the OTCQX website (available at www.otcmarkets.com), including without limitation, the description of the nature of CSI's business and its management discussion and analysis of financial condition and results of operations for reported periods. Except as required by law or OTC Markets Group, Inc., CSI undertakes no obligation to update, and is not responsible for updating, the information contained or incorporated by reference in this report beyond the publication date, whether as a result of new information or future events, or to conform this document to actual results or changes in CSI's expectations, or for changes made to this document by wire services or Internet services or otherwise.