Cass Information Systems (NASDAQ:CASS) declared a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Stockholders of record on Tuesday, December 4th will be given a dividend of 0.26 per share by the business services provider on Friday, December 14th. This represents a $1.04 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, December 3rd.
Cass Information Systems has increased its dividend by an average of 4.7% annually over the last three years and has raised its dividend every year for the last 13 years.
Cass Information Systems stock opened at $65.53 on Tuesday. The company has a market cap of $805.65 million, a P/E ratio of 26.86 and a beta of 0.89. Cass Information Systems has a one year low of $54.37 and a one year high of $74.49.
Several research firms recently commented on CASS. BidaskClub raised Cass Information Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 21st. ValuEngine lowered Cass Information Systems from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th.
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. It operates through two segments, Information Services and Banking Services. The company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.
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