Computer Programs & Systems (CPSI) Misses Q2 EPS Views; Approves Variable Dividend Policy
Computer Programs & Systems (NASDAQ: CPSI) reported Q2 EPS of $0.48, $0.31 worse than the analyst estimate of $0.79. Revenue for the quarter came in at $68.4 million versus the consensus estimate of $74.35 million.
The Company also announced that its Board of Directors approved a variable dividend policy for the payment of quarterly dividends. The policy provides for dividends on a trailing quarterly basis in an amount equal to 70% of the immediately prior quarter non-GAAP EPS, as such non-GAAP measure is described in this earnings release (rounded to the nearest cent). The declaration and payment of any dividends are at the sole discretion of the Board of Directors, who may decide to change the Company’s dividend policy at any time.
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