CSG Systems International, Inc. (NASDAQ:CSGS) to Issue Quarterly Dividend of $0.30

CSG Systems International, Inc. (NASDAQ:CSGS) announced a quarterly dividend on Saturday, November 23rd,Wall Street Journal reports. Investors of record on Wednesday, December 18th will be paid a dividend of 0.30 per share by the technology company on Friday, January 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, December 18th.

CSG Systems International has raised its dividend by an average of 6.0% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. CSG Systems International has a dividend payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CSG Systems International to earn $3.67 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 32.7%.

CSG Systems International Price Performance

NASDAQ CSGS opened at $55.51 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $1.61 billion, a P/E ratio of 24.45, a PEG ratio of 1.60 and a beta of 0.82. The company has a 50-day moving average price of $49.74 and a 200-day moving average price of $45.85. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $57.15.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Equities research analysts anticipate that CSG Systems International will post 3.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CSGS shares. Royal Bank of Canada raised their price objective on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Cantor Fitzgerald increased their target price on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Benchmark reissued a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $61.60.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.