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. It also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions. In addition, the company, through its banking subsidiary, Cass Commercial Bank, provides a range of banking products and services, such as checking, savings, and time deposit accounts; commercial, industrial, and real estate loans; and cash management services to privately-owned businesses and faith-related ministries. Further, it provides B2B payment platform for clients that require an agile fintech partner. It operates through its banking facility near downtown St. Louis, Missouri; operating branch in the Bridgeton, Missouri; and leased facilities in Fenton, Missouri and Colorado Springs, Colorado. The company was formerly known as Cass Commercial Corporation and changed its name to Cass Information Systems, Inc. in January 2001. Cass Information Systems, Inc. was founded in 1906 and is headquartered in St. Louis, Missouri.
Cass Information Systems Dividend Announcement
• Cass Information Systems announced a quarterly dividend of $0.31 per ordinary share which will be made payable on 2024-12-13. Ex dividend date: 2024-12-03
• Cass Information Systems annual dividend for 2024 was $1.21
• Cass Information Systems annual dividend for 2023 was $1.17
• Cass Information Systems's trailing twelve-month (TTM) dividend yield is 3.53%
• Cass Information Systems's payout ratio for the trailing twelve months (TTM) is 70.48%
• Cass Information Systems's dividend growth over the last five years (2018-2023) was 2.78% year
• Cass Information Systems's dividend growth over the last ten years (2013-2023) was 5.33% year
Cass Information Systems Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-03 | $0.31 | quarterly | 2024-12-13 |
2024-09-03 | $0.30 | quarterly | 2024-09-13 |
2024-06-04 | $0.30 | quarterly | 2024-06-14 |
2024-03-04 | $0.30 | quarterly | 2024-03-15 |
2023-12-04 | $0.30 | quarterly | 2023-12-15 |
2023-09-01 | $0.29 | quarterly | 2023-09-15 |
2023-06-02 | $0.29 | quarterly | 2023-06-15 |
2023-03-02 | $0.29 | quarterly | 2023-03-15 |
2022-12-02 | $0.29 | quarterly | 2022-12-15 |
2022-09-01 | $0.28 | quarterly | 2022-09-15 |
2022-06-02 | $0.28 | quarterly | 2022-06-15 |
2022-03-03 | $0.28 | quarterly | 2022-03-15 |
2021-12-02 | $0.28 | quarterly | 2021-12-15 |
2021-09-02 | $0.27 | quarterly | 2021-09-15 |
2021-06-03 | $0.27 | quarterly | 2021-06-15 |
2021-03-04 | $0.27 | quarterly | 2021-03-15 |
2020-12-03 | $0.27 | quarterly | 2020-12-15 |
2020-09-03 | $0.27 | quarterly | 2020-09-15 |
2020-06-04 | $0.27 | quarterly | 2020-06-15 |
2020-03-02 | $0.27 | quarterly | 2020-03-13 |
2019-12-02 | $0.27 | quarterly | 2019-12-13 |
2019-08-30 | $0.26 | quarterly | 2019-09-13 |
2019-06-03 | $0.26 | quarterly | 2019-06-14 |
2019-03-04 | $0.26 | quarterly | 2019-03-15 |
2018-12-03 | $0.26 | quarterly | 2018-12-14 |
2018-08-31 | $0.26 | quarterly | 2018-09-14 |
2018-06-04 | $0.26 | quarterly | 2018-06-15 |
2018-03-02 | $0.24 | quarterly | 2018-03-15 |
2017-12-04 | $0.24 | quarterly | 2017-12-15 |
2017-08-31 | $0.23 | quarterly | 2017-09-15 |
2017-05-31 | $0.23 | quarterly | 2017-06-15 |
2017-03-01 | $0.17 | quarterly | 2017-03-15 |
2016-12-01 | $0.17 | quarterly | 2016-12-15 |
2016-08-31 | $0.22 | quarterly | 2016-09-15 |
2016-06-01 | $0.17 | quarterly | 2016-06-15 |
2016-03-02 | $0.22 | quarterly | 2016-03-15 |
2015-12-02 | $0.22 | quarterly | 2015-12-15 |
2015-09-02 | $0.21 | quarterly | 2015-09-15 |
2015-06-03 | $0.21 | quarterly | 2015-06-15 |
2015-03-03 | $0.21 | quarterly | 2015-03-16 |
2014-12-03 | $0.21 | quarterly | 2014-12-15 |
2014-09-03 | $0.20 | quarterly | 2014-09-15 |
2014-06-03 | $0.20 | quarterly | 2014-06-16 |
2014-03-03 | $0.20 | quarterly | 2014-03-17 |
2013-12-03 | $0.20 | quarterly | 2013-12-16 |
2013-09-03 | $0.18 | quarterly | 2013-09-16 |
2013-05-31 | $0.18 | quarterly | 2013-06-14 |
2013-03-01 | $0.14 | quarterly | 2013-03-15 |
Cass Information Systems Dividend per year
Cass Information Systems Dividend growth
Cass Information Systems Dividend Yield
Cass Information Systems current trailing twelve-month (TTM) dividend yield is 3.53%. Interested in purchasing Cass Information Systems stock? Use our calculator to estimate your expected dividend yield:
Cass Information Systems Financial Ratios
Cass Information Systems Dividend FAQ
Other factors to consider when evaluating Cass Information Systems as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Cass Information Systems's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cass Information Systems publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cass Information Systems distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cass Information Systems are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Cass Information Systems sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cass Information Systems distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cass Information Systems declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Cass Information Systems's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cass Information Systems's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.