CSP Approves 2-For-1 Stock Split In Form Of 100% Stock Dividend
Portfolio Pulse from Benzinga Newsdesk
CSP Inc. has announced a 2-for-1 stock split in the form of a 100% stock dividend. Additionally, the company has increased its quarterly cash dividend to $0.05 per share on a pre-split basis, payable on March 08, 2024, to shareholders of record as of February 26, 2024. Future dividends will be adjusted according to the stock split.
February 21, 2024 | 1:37 pm
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CSP Inc. has declared a 2-for-1 stock split and increased its quarterly dividend to $0.05 per share on a pre-split basis, with future dividends to be adjusted post-split.
Stock splits often lead to increased investor interest and can make shares more accessible due to the lower price per share post-split, potentially driving up the stock price in the short term. The increase in the dividend may also attract more investors looking for income, further supporting the stock price.
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