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Computer Services Hikes Quarterly Dividend By 12%

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6/27/2012 10:53 AM ET

Computer Services Inc. (CSVI.PK) announced that its Board declared a quarterly cash dividend of 14 cents per share, a 12% increase from the previous cash dividend of 12.5 cents per share. The dividend is payable on September 25, 2012, to shareholders of record as of the close of business on September 4, 2012.

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by RTT Staff Writer

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There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses. Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session. After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.
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