CSVI Stock Recent News

The goal of many stock investors is to build a portfolio to generate a passive income stream so they can live off the dividends or at least add to their retirement distributions and Social Security benefits. One possible way to accomplish this goal is to follow a dividend growth investing strategy, buying stocks that pay an ever-increasing dividend each year and reinvesting the dividends.

Computer Services, Inc. (CSI) (CSVI) announced that it has entered into a definitive agreement to be acquired for $1.6 billion. These are the details.

FinTech and RegTech solutions provider Computer Services Inc. (CSI) is set to be purchased by a pair of investment firms for $1.6 billion, the company announced Monday (Aug. 22). According to a news release, the CSI board has approved the all-cash sale of the 57-year-old operation to Centerbridge Partners, L.P.

Dividend Kings are an elite group of income stocks that have increased their dividends every year for at least 50 years. They're highly regarded for their consistent payouts, which improve their total returns in any market conditions.

Computer Services has had decades of consecutive dividend growth, revenue growth, and net income growth. The company is disciplined with its balance sheet has been noted to be a best place to work more than once.

CSVI has grown its revenues, its earnings, and its dividend for 22, 25, and 50 consecutive years, respectively. CSVI is trading at an 8-year low price-to-earnings ratio of 16.4.