Cass Information Systems, Inc. (CASS) Raises Quarterly Dividend 6.3% to $0.17; Declares 10% Stock Dividend
Tweet
Share
E-mailGet Alerts CASS Hot Sheet
Join SI Premium – FREE
Cass Information Systems, Inc. (NASDAQ: CASS) declared a quarterly dividend of $0.17 per share, or $0.68 annualized. This is a 6.3% increase from the prior dividend of $0.16.
The dividend will be payable on December 15, 2011, to stockholders of record on December 5, 2011, with an ex-dividend date of December 1, 2011.
The annual yield on the dividend is 1.9 percent.
On October 17, 2011, the company’s board of directors declared a 10% stock dividend payable December 15, 2011 to shareholders of record December 5, 2011.
Shareholders will receive one additional share of Cass stock for each 10 shares owned. No fractional shares will be issued. Shareholders will receive cash for any fractional shares owned based on the share price reported by NASDAQ at the close of trading December 5, 2011.
The upcoming cash payout will apply to all shares held after the 10% stock dividend is completed, effectively increasing the fourth quarter dividend by nearly 17%. “These actions by the board reflect the company’s solid capital base, its strong performance and the board’s optimism about our future,” said Brunngraber. Cass has continuously paid regularly scheduled cash dividends since 1934.
The dividend will be payable on December 15, 2011, to stockholders of record on December 5, 2011, with an ex-dividend date of December 1, 2011.
The annual yield on the dividend is 1.9 percent.
On October 17, 2011, the company’s board of directors declared a 10% stock dividend payable December 15, 2011 to shareholders of record December 5, 2011.
Shareholders will receive one additional share of Cass stock for each 10 shares owned. No fractional shares will be issued. Shareholders will receive cash for any fractional shares owned based on the share price reported by NASDAQ at the close of trading December 5, 2011.
The upcoming cash payout will apply to all shares held after the 10% stock dividend is completed, effectively increasing the fourth quarter dividend by nearly 17%. “These actions by the board reflect the company’s solid capital base, its strong performance and the board’s optimism about our future,” said Brunngraber. Cass has continuously paid regularly scheduled cash dividends since 1934.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Pegasystems (PEGA) Declares $0.083 Special Dividend; 0.2% Yield
- First Industrial Realty (FR) Declares $0.50 Quarterly Dividend; 3.2% Yield
- 3M Co. (MMM) Declares $0.78 Quarterly Dividend; 1.7% Yield
Create E-mail Alert Related Categories
Dividends, Hot DividendsRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
