Cass Information Systems Inc. (cass) Raises Dividend to $0.23 Per Share
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.
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.
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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.
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