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

Cass Information Systems, Inc (NASDAQ:CASS) declared a quarterly dividend on Tuesday, January 20th. Stockholders of record on Tuesday, March 3rd will be given a dividend of 0.32 per share by the business services provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 3rd.

Cass Information Systems has increased its dividend payment 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. 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 $1.28 annual dividend with an expected future payout ratio of 40.6%.

Cass Information Systems Trading Up 1.5%

Shares of NASDAQ:CASS traded up $0.66 during mid-day trading on Thursday, hitting $43.58. 77,254 shares of the company traded hands, compared to its average volume of 78,097. The stock has a 50-day moving average price of $42.15 and a two-hundred day moving average price of $41.60. Cass Information Systems has a 12-month low of $36.07 and a 12-month high of $47.00. The stock has a market cap of $570.03 million, a P/E ratio of 18.70 and a beta of 0.44.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings results on Thursday, January 22nd. The business services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $49.89 million during the quarter, compared to analyst estimates of $49.60 million. Cass Information Systems had a return on equity of 11.61% and a net margin of 16.48%. As a group, analysts expect that Cass Information Systems will post 2.62 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.