CSP Inc. announces 2-for-1 stock split in the form of an 100% stock dividend

CSP Inc.Board of Directors has approved and declared a two-for-one stock split in the form of a 100% stock dividend on the Company’s outstanding common stock. Each stockholder of record as of the close of business on March 6, 2024 will receive one additional share of common stock for every share of common stock held. The distribution date for the stock split, or the date on which new shares will be distributed from the Company’s transfer agent, Equiniti Trust Company, LLC, will be March 20, 2024. CSPi‘s Common Stock is expected to trade on a post-split basis at the market open on March 21, 2024. Upon completion of the stock split, the Company expects to have approximately 9,753,900 shares outstanding. The Company also pays a quarterly cash dividend, which was recently increased by the Board of Directors, to $0.05 per share on a pre-split basis. The next quarterly dividend is payable on March 08, 2024, to shareholders of record on the close of business on February 26, 2024. The Company’s quarterly cash dividend in the future will be set on a split adjusted basis.