Cass Information Systems Inc. (NASDAQ:cass) announced a quarterly dividend on Friday, October 28th. Stockholders 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 of this dividend is Thursday, December 1st. This is a positive change from Cass Information Systems’s previous quarterly dividend of $0.22.

Shares of Cass Information Systems (NASDAQ:CASS) opened at 70.69 on Friday. Cass Information Systems has a 52 week low of $45.05 and a 52 week high of $72.45. The stock has a 50 day moving average of $58.71 and a 200-day moving average of $54.05. The firm has a market cap of $790.03 million, a price-to-earnings ratio of 33.50 and a beta of 1.14.

Dividend History for Cass Information Systems (NASDAQ:cass)

In other Cass Information Systems news, insider Robert J. Mathias sold 772 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $56.25, for a total value of $43,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.19% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and reposted in violation of US and international copyright and trademark legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2016/11/26/cass-information-systems-inc-cass-raises-dividend-to-0-23-per-share.html.

About Cass Information Systems

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.

5 Day Chart for NASDAQ:CASS

Receive News & Stock Ratings for Cass Information Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cass Information Systems Inc. and related stocks with our FREE daily email newsletter.