Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
CSP Inc. (CSPI) is a U.S.-based technology company that provides specialized IT solutions focused on cybersecurity, high‑performance computing, and enterprise infrastructure optimization. The company operates primarily in the information technology and cybersecurity services industries, serving commercial enterprises and government organizations. CSPI’s revenue is driven by a combination of proprietary software products, managed services, and value‑added resale of third‑party technologies.
The company has developed a niche position through its focus on advanced threat detection, network visibility, and performance optimization, particularly in complex and regulated IT environments. Founded in 1968, CSP Inc. originally focused on computer systems and integration services and has evolved over decades through internal development and acquisitions into a cybersecurity‑centric technology firm. Its strategic shift toward software and recurring services has been a central element of its modernization over the past decade.
Business Operations
CSPI operates through two primary business segments: Security Products and Technology Solutions. The Security Products segment is centered on the ARMA® cybersecurity platform, which provides network traffic analysis, threat detection, and real‑time visibility for enterprise and government networks. This segment generates revenue primarily from software licenses, subscriptions, and maintenance contracts.
The Technology Solutions segment operates largely through CSPi Technology Solutions, a value‑added reseller and systems integrator that delivers IT infrastructure, cloud, and cybersecurity solutions from major technology partners. Operations include both domestic and international activities, with services spanning system design, integration, and lifecycle support. The company maintains long‑standing relationships with major technology vendors and serves customers in healthcare, financial services, defense, and public sector markets.
Strategic Position & Investments
CSPI’s strategic direction emphasizes expanding recurring revenue through software subscriptions, managed security services, and deeper penetration of the ARMA® platform within existing customer environments. Growth initiatives have focused on enhancing proprietary cybersecurity capabilities, improving scalability, and addressing evolving network security threats such as encrypted traffic and insider risk.
The company has historically pursued selective acquisitions to strengthen technical capabilities and market reach, with Modcomp being a notable subsidiary supporting international operations and defense‑related customers. CSPI continues to invest in cybersecurity innovation, particularly in network visibility and analytics, while maintaining disciplined capital allocation and a strong balance sheet relative to its size.
Geographic Footprint
CSP Inc. is headquartered in Lowell, Massachusetts, and operates primarily across North America, with additional presence in Europe and Asia‑Pacific through subsidiaries and distribution partners. The company’s international operations are largely conducted through Modcomp, which supports customers in aerospace, defense, and industrial markets outside the United States.
While the majority of revenue is generated in the U.S., CSPI maintains an international sales and support footprint to serve multinational customers and government entities. Its geographic strategy emphasizes targeted international markets where cybersecurity and high‑reliability computing requirements are critical.
Leadership & Governance
CSPI is led by an executive team with long tenure in technology services, cybersecurity, and enterprise IT markets. The leadership emphasizes operational discipline, customer‑centric solutions, and the transition toward higher‑margin, recurring software revenues.
Key executives include:
- Victor S. Dellovo – President and Chief Executive Officer
- Gary Eberle – Chief Financial Officer
- Kevin Kelley – President, Technology Solutions
- Robert J. Sullivan – Chief Technology Officer
- Richard A. Gieg – Vice President, Security Products
The company is publicly traded and governed by a board of directors responsible for oversight of strategy, risk management, and shareholder interests, consistent with U.S. public company governance standards.