Cass Information Systems, Inc (NASDAQ:CASS – Get Free Report) declared a quarterly dividend on Tuesday, October 20th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.34 per share by the business services provider on Monday, December 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 4th. This is a 6.3% increase from Cass Information Systems’s previous quarterly dividend of $0.32.
Cass Information Systems has a dividend payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cass Information Systems to earn $3.61 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 35.5%.
Cass Information Systems Stock Performance
Cass Information Systems stock traded up $2.77 during midday trading on Thursday, reaching $57.67. The stock had a trading volume of 85,487 shares, compared to its average volume of 79,342. Cass Information Systems has a twelve month low of $38.20 and a twelve month high of $59.63. The stock has a market capitalization of $738.75 million, a PE ratio of 20.74 and a beta of 0.39. The stock’s 50-day simple moving average is $55.27 and its 200 day simple moving average is $51.83.
Cass Information Systems (NASDAQ:CASS – Get Free Report) last posted its earnings results on Thursday, October 22nd. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $27.53 million during the quarter, compared to the consensus estimate of $52.29 million. Cass Information Systems had a net margin of 18.45% and a return on equity of 14.89%. Equities analysts predict that Cass Information Systems will post 2.98 earnings per share for the current fiscal year.
About Cass Information Systems
Cass Information Systems, Inc (NASDAQ:CASS) provides payment and information-processing services to businesses. Its offerings are designed to help companies manage, audit and analyze expenditures associated with transportation, utilities, telecommunications and other recurring business expenses.
The company’s transportation services include freight invoice payment, auditing, rating, electronic data interchange and related information-management tools for shippers and logistics organizations.
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