Cass Information Systems, Inc (CASS) To Go Ex-Dividend on September 4th

Cass Information Systems, Inc (NASDAQ:CASS) announced a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, September 4th will be paid a dividend of 0.32 per share by the business services provider on Monday, September 14th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, September 4th.

Cass Information Systems has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 23 consecutive years. Cass Information Systems has a dividend payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cass Information Systems to earn $3.63 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 35.3%.

Cass Information Systems Stock Performance

NASDAQ:CASS opened at $55.20 on Wednesday. The stock has a market capitalization of $707.11 million, a PE ratio of 19.86 and a beta of 0.40. Cass Information Systems has a fifty-two week low of $36.07 and a fifty-two week high of $59.63. The company has a fifty day moving average of $54.84 and a two-hundred day moving average of $49.16.

Cass Information Systems (NASDAQ:CASS) last announced its earnings results on Thursday, July 23rd. The business services provider reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). The company had revenue of $27.04 million during the quarter, compared to analyst estimates of $51.02 million. Cass Information Systems had a net margin of 18.45% and a return on equity of 14.89%. Research analysts forecast that Cass Information Systems will post 2.99 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.