Communications Systems, Inc. (NASDAQ:JCS) has declared a cash dividend of USD0.16 per common share, the company said.
The dividend will be payable on July 1, 2016 to shareholders of record as of June 15, 2016.
This marks the 55th consecutive quarter that CSI has paid a dividend to its shareholders.
This dividend payment decision, as has been the Board of Directors´ usual practice, was based upon a number of factors including available cash, financial results, anticipated future prospects, capital expenditure requirements and investment in growth initiatives. It is anticipated that these considerations will continue to form the basis of future dividend decisions.
Communications Systems provides connectivity infrastructure and services for global deployments of broadband networks. Focusing on innovative, cost-effective solutions, CSI provides customers the ability to deliver, manage, and optimize their broadband network services and architecture. From the integration of fiber optics in any application and environment to efficient home voice and data deployments to optimization of data and application access, CSI provides tools for maximum utilization of the network from the edge to the user. With partners and customers in over 50 countries, CSI has built a reputation as a reliable global innovator focusing on quality and customer service.