CSG Systems International Announces Initiation of Quarterly Dividend
ENGLEWOOD, Colo. -- June 25, 2013
CSG Systems International, Inc. (NASDAQ: CSGS), a global provider of software-
and services-based business support solutions that help clients generate
revenue and maximize customer relationships, today announced that its Board of
Directors approved the initiation of a quarterly cash dividend to be paid to
its shareholders. This is the first time in its history that the company will
pay a cash dividend to shareholders.
The company announced an initial quarterly cash dividend of $0.15 per share of
common stock to be paid on July 25, 2013 for shareholders of record as of the
close of business on July 10, 2013. Going forward, CSG International expects
to pay dividends each year in September, December, March and June, with the
amount and timing subject to the Board of Director’s approval.
“CSG has been helping the leading operators in the communications market grow
and evolve their businesses in a highly complex and changing market for over
30 years,” said Peter Kalan, president and chief executive officer for CSG
International. “Since our inception, we have demonstrated that we can grow
revenues at or above the market, make important investments to help us get
broader and deeper in our clients’ operations, and generate strong,
predictable cash flows. These characteristics have provided us with a strong
balance sheet and the flexibility to continue to invest in our business while
at the same time, return capital to our shareholders.
“The introduction of a quarterly dividend reinforces our long-term commitment
to deliver increasing value to our shareholders and demonstrates our
confidence that we will continue to be a trusted provider to world’s leading
communications companies,” Kalan added.
About CSG International
CSG Systems International, Inc. (NASDAQ:CSGS) is a market-leading business
support solutions and services company serving the majority of the top 100
global communications service providers, including leaders in fixed, mobile
and next-generation networks such as AT&T, Comcast, DISH Network, France
Telecom, Orange, T-Mobile, Telefonica, Time Warner Cable, Vodafone, Vivo and
Verizon. With over 30 years of experience and expertise in voice, video, data
and content services, CSG International offers a broad portfolio of licensed
and Software-as-a-Service (SaaS)-based products and solutions that help
clients compete more effectively, improve business operations and deliver a
more impactful customer experience across a variety of touch points. For more
information, visit our website at www.csgi.com.
Liz Bauer, 303-804-4065
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