Casey's General Stores, Inc. (NASDAQ:CASY) Declares $0.65 Quarterly Dividend

Key Points

• Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The annualized yield is approximately 0.4%, and the company has increased its dividend for 24 consecutive years.
• First-quarter results exceeded expectations, with EPS of $7.37 versus the $6.78 consensus and revenue of $5.68 billion, up 24.3% year over year. Fuel margins helped drive the performance, while net income rose 27.1% to $273.7 million.
• Despite the earnings beat, investors remain cautious because same-store inside sales growth slowed to 3.2% and the stock trades at a relatively high P/E ratio above 38, raising concerns about valuation and future growth.

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) declared a quarterly dividend on Tuesday, September 8th. Stockholders of record on Sunday, November 1st will be given a dividend of 0.65 per share on Friday, November 13th. This represents a c) dividend on an annualized basis 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%annually 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 14.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of CASY opened at $733.49 on Wednesday. The company has a 50-day simple moving average of $825.39 and a 200-day simple moving average of $786.82. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $27.14 billion, a PE ratio of 38.28, a P/E/G ratio of 2.58 and a beta of 0.59. Casey's General Stores has a 52-week low of $497.38 and a 52-week high of $927.85.

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

Casey's General Stores News Roundup

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.