Cass Stock Slips Before Dividend Date as Freight Data Teases a Recovery
Cass Information Systems shares fell 0.57% to $46.24 in light early trading Friday, with volume at 2,990 shares, well below average. The company declared a 32-cent quarterly dividend, payable June 15 to holders as of June 5. Cass’s April Transportation Index showed shipments down 4.4% year-on-year but up slightly from March. First-quarter net revenue rose 5.8% to $49.1 million; net income slipped 1.5% to $8.8 million.