Computer Programs & Systems cuts dividend by 29.4%

Computer Programs & Systems (CPSI) will lower its quarterly dividend to $0.24 per share.

This quarterly cash dividend is consistent with the variable dividend policy approved by the Company's Board of Directors and previously announced on August 4, 2016.

Today's dividend cut follows the 46.9% dividend cut from $0.64 to $0.34 per share this August.

CPSI is a leading provider of healthcare IT solutions and services for rural and community hospitals and post-acute care facilities.

The new dividend yield is 4.2% based on the $22.85 stock price.

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