Casey’s General Stores (CASY) will raise its quarterly dividend by 10.3 percent to $0.32 per share in 2019. This follows last year's 3 cent per share dividend increase to 29 cents quarterly.
Last year CASY hiked its dividend for the 19th consecutive year.
The next dividend is payable August 15, 2019 to shareholders of record on August 1, 2019. A new annualized dividend rate of $1.28 per share yields 0.9% at a stock price of $146.39.
Casey's General Stores, Inc. operates convenience stores in Midwestern states, primarily in Iowa, Missouri, and Illinois. Casey's offers self-service gasoline, grocery items and freshly prepared food items. Among the most popular of Casey's prepared foods are their made-from-scratch pizzas, donuts, subs and sandwiches. Casey's operates from two company distribution centers, enabling delivery of most of in-store products and fuel. The first store opened in 1968 in Boone, Iowa. Casey's began paying cash dividends during fiscal 1991.
2022