CASS Stock Recent News

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.