PADUCAH, Ky., July 6 -- Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors approved a 15.8% increase in the quarterly cash dividend to $0.11 per share. The dividend is payable on September 24, 2010, to shareholders of record as of the close of business on September 1, 2010. The increase in the quarterly dividend is up from $0.095 per share and represents an indicated annual dividend rate of $0.44 per share on the new rate of $0.11 per share.
"This is our 22nd consecutive annual increase in our cash dividend and highlights our strong financial condition, record results and excellent cash flow from operations," stated Steven A. Powless, President and CEO of CSI. "Our cash dividend is part of our long-term program to build shareholder value and return a portion of CSI's earnings to shareholders."
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