Cass Information Systems, Inc. (CASS) to Issue Quarterly Dividend of $0.31 on March 14th

Cass Information Systems, Inc. (NASDAQ:CASS) announced a quarterly dividend on Tuesday, January 21st, Wall Street Journal reports. Stockholders of record on Tuesday, March 4th will be given a dividend of 0.31 per share by the business services provider on Friday, March 14th. This represents a $1.24 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, March 4th.

Cass Information Systems has increased its dividend payment by an average of 3.5% annually over the last three years and has increased its dividend every year for the last 23 years. Cass Information Systems has a payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cass Information Systems to earn $3.15 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 39.4%.

Cass Information Systems Stock Up 0.2 %

NASDAQ:CASS opened at $43.71 on Friday. The company has a fifty day moving average of $41.95 and a 200-day moving average of $42.40. The firm has a market capitalization of $593.10 million, a P/E ratio of 31.67 and a beta of 0.72. Cass Information Systems has a twelve month low of $37.99 and a twelve month high of $49.16.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.10). Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. On average, analysts anticipate that Cass Information Systems will post 2.62 EPS for the current fiscal 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.