Cass Information Systems (CASS) will raise its quarterly dividend by 3.8 percent to $0.27 per share in 2019. Last year the dividend was hiked by 8.3 percent by CASS.
 

The next dividend is payable December 13, 2019 to shareholders of record December 3, 2019. A new annual rate of $1.08 per share yields 2.0% at a stock price of $53.41.
 

“Our history of dividend payments combined with the return of nearly $16 million to shareholders through share repurchase activity over the past 12 months reflects our solid operating performance, strong capital base and the board’s continued optimism about the company’s long-term prospects,” said Eric H. Brunngraber, Cass chairman and chief executive officer.
 

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. Cass enables enterprises to achieve visibility, control and efficiency in their supply chains, communications networks, facilities and other operations. Cass was founded in 1906 and has continuously paid regularly scheduled cash dividends since 1934.