MIND C.T.I. Ltd (NASDAQ:MNDO) Declares Annual Dividend of $0.22

MIND C.T.I. Ltd (NASDAQ:MNDO) declared an annual dividend on Wednesday, March 5th, Wall Street Journal reports. Shareholders of record on Tuesday, March 25th will be given a dividend of 0.22 per share by the information technology services provider on Thursday, April 10th. This represents a yield of 10.9%. The ex-dividend date of this dividend is Tuesday, March 25th.

MIND C.T.I. has decreased its dividend payment by an average of 2.6% annually over the last three years.

MIND C.T.I. Stock Up 0.7 %

Shares of MNDO traded up $0.02 during mid-day trading on Wednesday, reaching $2.03. The company’s stock had a trading volume of 52,109 shares, compared to its average volume of 41,584. MIND C.T.I. has a 1 year low of $1.70 and a 1 year high of $2.28. The company has a market cap of $40.75 million, a price-to-earnings ratio of 9.20 and a beta of 0.79. The business has a fifty day moving average of $2.05 and a 200 day moving average of $1.99.

MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings data on Tuesday, March 4th. The information technology services provider reported $0.06 EPS for the quarter. The firm had revenue of $5.20 million during the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%.

About MIND C.T.I.

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.