CMG ups its dividend

Article Excerpt

COMPUTER MODELLING GROUP $13.93 (Toronto symbol CMG; TSINetwork Rating: Speculative) (403- 531-1300; www.cmgroup.com; Shares outstanding: 37.6 million; Market cap: $502.5 million; Dividend yield: 3.2%) reports that its revenue rose 32.2% in the three months ended June 30, 2011, to $15.9 million from $12.1 million a year earlier. Earnings rose 57.6%, to $6.7 million, or $0.18 a share, from $4.2 million, or $0.12 a share. Computer Modelling holds cash of $38.3 million, and has no debt. The company raised its quarterly dividend by 5%, to $0.11 a share, with the June 2011 payment. The new annual rate of $0.44 yields 3.2%. Computer Modelling Group is still a buy. buy…