Casey’s General Stores, Inc. (NASDAQ:CASY) Announces Quarterly Dividend of $0.65

Casey’s General Stores, Inc. (NASDAQ:CASY) announced a quarterly dividend on Tuesday, September 8th. Investors of record on Sunday, November 1st will be paid a dividend of 0.65 per share on Friday, November 13th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th.

Casey’s General Stores has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 24 years. Casey’s General Stores has a payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Casey’s General Stores to earn $23.44 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 11.1%.

Casey’s General Stores Trading Down 3.0%

NASDAQ:CASY opened at $733.49 on Wednesday. Casey’s General Stores has a 12-month low of $497.38 and a 12-month high of $927.85. The firm has a market capitalization of $27.14 billion, a P/E ratio of 38.28, a P/E/G ratio of 2.58 and a beta of 0.59. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The business has a 50 day simple moving average of $825.39 and a 200 day simple moving average of $786.82.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping the consensus estimate of $6.78 by $0.59. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period last year, the company earned $5.77 earnings per share. Equities research analysts predict that Casey’s General Stores will post 21.13 EPS for the current year.

Trending Headlines about Casey’s General Stores

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Casey’s reported diluted earnings of $7.37 per share, up 27.7% year over year and above analysts’ $6.78 consensus. Revenue increased 24.3% to approximately $5.68 billion, also exceeding expectations. Net income rose 27.1% to $273.7 million, while EBITDA climbed 17.1% to $485.1 million. Casey’s Announces First Quarter Results
• Positive Sentiment: Fuel margins were a major contributor to the quarter’s performance, helping Casey’s surpass Wall Street forecasts. The company also has a record of earnings surprises, which may support the longer-term outlook. Casey’s beats Q1 estimates on fuel margin surge
• Positive Sentiment: The company declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The annualized yield is modest at roughly 0.4%, but the payout adds to shareholder returns. Casey’s dividend announcement
• Neutral Sentiment: Analysts and market coverage characterized the results as a good quarter that faced unusually high investor expectations, making the earnings beat insufficient to drive the shares higher. Casey’s Q1: Good Quarter, Tough Expectations
• Negative Sentiment: Inside same-store sales increased 3.2%, but growth slowed from the prior year. The deceleration raises concerns about underlying consumer demand and whether Casey’s can sustain its growth rate. Casey’s Same-Store Sales Growth Declines
• Negative Sentiment: With a market capitalization near $27 billion and a price-to-earnings ratio above 38, Casey’s is valued for substantial continued growth. The weaker same-store sales trend and post-earnings profit-taking appear to be outweighing the quarterly beat. Casey’s Earnings Beat Estimates: Why the Stock Is Falling

Casey’s General Stores Company Profile

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.