Casey’s General Stores, Inc. (NASDAQ:CASY) declared a quarterly dividend on Tuesday, June 8th, Zacks reports. Shareholders of record on Monday, August 2nd will be given a dividend of 0.34 per share on Monday, August 16th. This represents a $1.36 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, July 30th.
Casey’s General Stores has increased its dividend by 28.0% over the last three years and has increased its dividend every year for the last 1 years. Casey’s General Stores has a payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Casey’s General Stores to earn $8.04 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 16.9%.
CASY opened at $204.90 on Thursday. The firm’s fifty day moving average is $220.16. Casey’s General Stores has a 52 week low of $142.34 and a 52 week high of $229.18. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 22.89 and a beta of 0.88. The company has a current ratio of 1.28, a quick ratio of 0.81 and a debt-to-equity ratio of 0.72.
Several equities research analysts have recently issued reports on CASY shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Casey’s General Stores from $220.00 to $217.00 in a report on Wednesday, March 10th. Royal Bank of Canada dropped their price target on shares of Casey’s General Stores from $232.00 to $217.00 and set a “sector perform” rating for the company in a research report on Wednesday. BMO Capital Markets lifted their price target on shares of Casey’s General Stores from $185.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday. Barclays upped their price objective on Casey’s General Stores from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Stephens lifted their target price on Casey’s General Stores from $215.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, June 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $213.73.
About Casey’s General Stores
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages, tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.
Further Reading: What are catch-up contributions?
Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.