Casey’s General Stores, Inc. (CASY) to Issue Quarterly Dividend of $0.65 on November 13th

Casey’s General Stores, Inc. (NASDAQ:CASY) declared a quarterly dividend on Tuesday, September 8th. Shareholders of record on Sunday, November 1st will be paid a dividend of 0.65 per share on Friday, November 13th. This represents a c) dividend on an annualized basis and a 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 27 consecutive years. Casey’s General Stores has a dividend payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Casey’s General Stores to earn $23.45 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 Down 14.2%

NASDAQ CASY opened at $629.03 on Thursday. Casey’s General Stores has a 1-year low of $497.38 and a 1-year high of $927.85. The company has a market capitalization of $23.28 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.50 and a beta of 0.59. The stock’s 50 day moving average is $822.28 and its two-hundred day moving average is $786.58. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Casey’s General Stores had a return on equity of 19.96% and a net margin of 4.14%.Casey’s General Stores’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.77 EPS. Equities analysts forecast that Casey’s General Stores will post 21.21 earnings per share for the current fiscal year.

Casey’s General Stores News Summary

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

• Positive Sentiment: Casey’s reported diluted EPS of $7.37, up 27.7% year over year and ahead of the roughly $6.78 analyst consensus. Revenue rose 24.3% to $5.68 billion, exceeding estimates near $5.56 billion, while net income and EBITDA also increased. Casey’s Announces First Quarter Results
• Positive Sentiment: Stronger fuel margins and inside-category gross profit helped offset higher costs, and management left its full-year outlook unchanged. CASY Q1 Earnings Beat Estimates on Inside and Fuel Gains
• Positive Sentiment: Some analysts defended the stock following the selloff. Stephens reaffirmed an “overweight” rating with a $975 price target, while Wells Fargo maintained “overweight” but reduced its target to $750. Casey’s Is Defended by Analysts After Post-Earnings Slide
• Neutral Sentiment: Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The dividend provides continued income support but represents a relatively modest yield.
• Negative Sentiment: The key disappointment was inside same-store sales growth of 3.2%, which slowed from the prior year and fell short of investor expectations. That raised concerns about underlying demand and future growth, overshadowing the headline earnings beat. Casey’s Same-Store Sales Growth Declines Despite Higher Revenue
• Negative Sentiment: Investors viewed the quarter as a solid result against demanding expectations: earnings growth benefited from fuel margins, while operating trends suggested some deceleration. Shares fell as the market reassessed Casey’s premium valuation and near-term growth prospects. Casey’s Q1: Good Quarter, Tough Expectations

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.