CSI Board Increases Cash Dividend by 11.8%
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PADUCAH, Ky., July 7 /PRNewswire-FirstCall/ -- Computer Services, Inc. (CSI) (Pink Sheets: CSVI) announced that its Board of Directors approved an 11.8% increase in the quarterly cash dividend to $0.19 per share. The dividend is payable on September 25, 2009, to shareholders of record as of the close of business on September 1, 2009. The increase in the quarterly dividend is up from $0.17 per share and represents an indicated annual dividend rate of $0.76 per share on the new rate of $0.19 per share. (Logo: http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO ) "This is our 21st consecutive annual increase in our cash dividend and highlights our success in returning a portion of CSI's earnings to shareholders," stated Steven A. Powless, President and CEO of CSI. "Our cash dividend is part of our long-term program to build shareholder value and believe this increase highlights our strong financial condition, record results and excellent cash flow from operations." About Computer Services, Inc. Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to over 4,600 financial institutions and corporate entities. Technology planning, local account managers and world-class customer service explain why CSI has come to be known as one of the nation's premier providers of banking solutions. CSI's stock is traded on the 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; and (ii) other factors discussed in CSI's Information and Disclosure Statements and other documents posted from time to time on the OTCQX website, 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. CSI undertakes no obligation to update, and is not responsible for updating, the information contained in this release beyond the publication date, whether as a result of new information or future events, or to conform the statement to actual results or changes in CSI's expectations, or otherwise or for changes made to this document by wire services or Internet services. SOURCE Computer Services, Inc. David L. Simon, Treasurer & CFO, 800-545-4274, ext. 10126, dsimon@csiweb.com
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