Cass Information Systems, Inc (NASDAQ:CASS – Get Free Report) declared a quarterly dividend on Tuesday, October 20th. Stockholders 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 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 payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Up 5.0%
Shares of CASS traded up $2.77 during midday trading on Thursday, reaching $57.67. 85,487 shares of the stock were exchanged, compared to its average volume of 79,342. The stock’s 50 day simple moving average is $55.27 and its 200 day simple moving average is $51.83. The company has a market cap of $738.75 million, a P/E ratio of 20.74 and a beta of 0.39. Cass Information Systems has a twelve month low of $38.20 and a twelve month high of $59.63.
Cass Information Systems (NASDAQ:CASS – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $27.53 million for the quarter, compared to analyst estimates of $52.29 million. Cass Information Systems had a net margin of 18.45% and a return on equity of 14.89%. As a group, analysts predict that Cass Information Systems will post 2.98 earnings per share for the current year.
Cass Information Systems Company Profile
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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