CASS Stock Recent News

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More freight flowed into the truckload space during January, according to a Tuesday report from Cass Information Systems. The shipments component of the Cass Freight Index was flat with December on a seasonally adjusted basis but down 3.2% on an unadjusted comparison.

Cass Information Systems is a small-cap stock in the technology sector that has consistently rewarded its shareholders. Its growth has been slow and steady, with no nasty surprises to its investors in the last 20 years.

Cass Information Systems continues to grow its top and bottom lines, despite facing the struggles of the current economy. This is a testament to the quality of the business and its business model, but shares have risen quite a bit since I last covered it.

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average and median increase of 8.0%.

Freight shipments and costs saw more subdued changes in July, according to data provided by Cass Information Systems on Monday. The shipments subset of the Cass Freight Index inched 0.4% higher year over year (y/y) during the month and was 0.6% higher than June on a seasonally adjusted basis.

Cass is a payment processor that benefits from increasing transportation and utility costs due to wage and fuel inflation. Cass also operates an asset-sensitive commercial bank that will significantly increase margins as interest rates rise.