Cass Information Systems, Inc Declares Quarterly Dividend of $0.32 (NASDAQ:CASS)

Cass Information Systems, Inc (NASDAQ:CASS) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, September 4th will be given a dividend of 0.32 per share by the business services provider on Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 4th.

Cass Information Systems has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 23 years. Cass Information Systems has a dividend payout ratio of 41.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cass Information Systems to earn $3.45 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 37.1%.

Cass Information Systems Stock Performance

NASDAQ CASS traded up $1.45 during mid-day trading on Thursday, reaching $53.97. 80,313 shares of the stock were exchanged, compared to its average volume of 79,726. The business’s 50 day moving average is $49.40 and its 200-day moving average is $46.47. Cass Information Systems has a 1 year low of $36.07 and a 1 year high of $54.44. The company has a market capitalization of $694.59 million, a P/E ratio of 20.52 and a beta of 0.42.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). Cass Information Systems had a net margin of 18.08% and a return on equity of 13.26%. Equities analysts predict that Cass Information Systems will post 3 earnings per share for the current fiscal year.

About Cass Information Systems

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.