CSG Systems Raises Dividend Ahead of $2.3 Billion NEC Merger

CSG Systems International has approved a 6.3% increase to its quarterly dividend, raising the payout to 34 cents per share. The Englewood, Colorado-based software firm announced Wednesday that the new distribution is payable April 1 to shareholders of record by March 18.

Feb 4, 14:17· Money Talk

The board's decision boosts the total annual payout to $1.36 per share. Based on Tuesday’s closing price of $79.69, the move adjusts the company’s annual yield to approximately 1.71%, up from the previous 1.61%.

Path to Acquisition

This capital return comes while CSG navigates a significant transition in its corporate structure. In October, the company entered into a definitive agreement to be acquired by the Japanese IT powerhouse NEC for approximately $2.3 billion.

The acquisition remains on track to close later this year, according to company reports. CSG continues to provide business support solutions and software services globally as it prepares to integrate with NEC’s international operations.

CSG Systems Raises Dividend Ahead of $2.3 Billion NEC Merger

Path to Acquisition

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