Cass Information Systems, Inc. (NASDAQ:CASS) Plans Quarterly Dividend of $0.31

Cass Information Systems, Inc. (NASDAQ:CASS) declared a quarterly dividend on Tuesday, January 21st, Wall Street Journal reports. Investors 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 yield of 2.84%. The ex-dividend date of this dividend is Tuesday, March 4th.

Cass Information Systems has raised its dividend payment by an average of 3.5% annually over the last three years and has raised 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. 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 Performance

CASS opened at $43.71 on Friday. The firm has a market cap of $593.10 million, a P/E ratio of 31.67 and a beta of 0.72. The firm has a 50-day moving average of $41.95 and a 200 day moving average of $42.40. Cass Information Systems has a fifty-two week low of $37.99 and a fifty-two week high of $49.16.

Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, January 23rd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%. Equities research analysts predict that Cass Information Systems will post 2.62 earnings per share 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.