Cass Information Systems, Inc (CASS) To Go Ex-Dividend on June 5th

Cass Information Systems, Inc (NASDAQ:CASS) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, June 5th will be paid a dividend of 0.32 per share by the business services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, June 5th.

Cass Information Systems has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 23 years. Cass Information Systems has a payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cass Information Systems to earn $3.55 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 36.1%.

Cass Information Systems Trading Down 3.2%

NASDAQ:CASS traded down $1.53 during mid-day trading on Thursday, hitting $46.94. 120,281 shares of the company’s stock traded hands, compared to its average volume of 77,150. The firm has a 50 day moving average of $45.06 and a two-hundred day moving average of $42.86. Cass Information Systems has a 12 month low of $36.07 and a 12 month high of $48.76. The firm has a market capitalization of $605.90 million, a price-to-earnings ratio of 17.92 and a beta of 0.42.

Cass Information Systems (NASDAQ:CASS) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. Cass Information Systems had a return on equity of 13.28% and a net margin of 18.41%.The firm had revenue of $26.16 million during the quarter, compared to the consensus estimate of $49.40 million. As a group, equities research analysts expect that Cass Information Systems will post 2.9 earnings per share for the current year.

Cass Information Systems Company Profile

Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates through two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. The company also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions, as well as church management software solution and on-line platform to provide generosity services for faith-based and non-profit organizations.