Cass Information Systems Inc. (cass) Plans Dividend Increase – $0.23 Per Share
Cass Information Systems Inc. (NASDAQ:cass) declared a quarterly dividend on Friday, October 28th. Shareholders of record on Monday, December 5th will be paid a dividend of 0.23 per share on Thursday, December 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, December 1st. This is an increase from Cass Information Systems’s previous quarterly dividend of $0.22.
Cass Information Systems (NASDAQ:CASS) opened at 70.69 on Friday. The firm has a market capitalization of $790.03 million, a price-to-earnings ratio of 33.50 and a beta of 1.14. Cass Information Systems has a 12 month low of $45.05 and a 12 month high of $72.45. The firm has a 50 day moving average price of $58.71 and a 200-day moving average price of $54.05.
In other news, insider Robert J. Mathias sold 772 shares of the firm’s stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $56.25, for a total transaction of $43,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.19% of the company’s stock.
Cass Information Systems Company Profile
Cass Information Systems, Inc (Cass) is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The Company provides transportation invoice rating, payment processing, auditing, accounting and transportation information.
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