Casey’s General Stores, Inc. (NASDAQ:CASY) Plans $0.57 Quarterly Dividend

Casey’s General Stores, Inc. (NASDAQ:CASY) declared a quarterly dividend on Monday, March 9th. Investors of record on Friday, May 1st will be given a dividend of 0.57 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st.

Casey’s General Stores has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 24 consecutive years. Casey’s General Stores has a dividend payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Casey’s General Stores to earn $15.78 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 14.4%.

Casey’s General Stores Trading Up 1.5%

Shares of Casey’s General Stores stock traded up $9.96 during trading hours on Tuesday, reaching $674.50. The stock had a trading volume of 107,476 shares, compared to its average volume of 400,077. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $25.00 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 2.29 and a beta of 0.65. The firm has a 50 day simple moving average of $634.03 and a two-hundred day simple moving average of $575.80. Casey’s General Stores has a 1 year low of $372.08 and a 1 year high of $690.00.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 EPS. As a group, equities research analysts anticipate that Casey’s General Stores will post 13.94 earnings per share for the current year.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.