What Boosted Casey’s Shareholder Returns in Fiscal 3Q16?


Dec. 4 2020, Updated 10:53 a.m. ET

A look at Casey’s stock performance

Casey’s General Stores (CASY) stock has yielded strong returns for its shareholders. Its stock price rose by around 35% in 2015 after rising 30% in 2014.

The current year, however, hasn’t been kind to the company’s shareholders. After rising 4% in January 2016, the stock fell 14% in February and is currently sitting at 9.5% losses year-to-date as of March 8, 2016.

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Casey’s is a consistent dividend payer

Casey’s has boosted the returns of its shareholders by being a consistent dividend payer since 1991. The company has increased its dividends by around 58% over the last five years. It declared a dividend of $0.80 per share in fiscal 2015, putting its dividend payout ratio at 17% for the year.

During the first three quarters of the current fiscal year, Casey’s has paid $0.22 per share in dividends each quarter.

Total returns over the past year

Share price appreciation and consistent dividend payouts have led to high returns for Casey’s shareholders. Total returns on Casey’s stock, assuming dividends are reinvested, stand at ~16.3% over the last one year as of March 8, 2016. This amount is higher than the returns of most of its convenience store and supermarket peers.

Total returns of CST Brands (CST) and Murphy’s USA (MUSA) over the last year were -9.6% and -8.5%, respectively, while Sunoco’s (SUN) returns stood at -31%. The poor total returns of these stocks resulted from the stock market’s disappointing performance.

Investors looking for exposure to Casey’s can invest in the ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), which has around 1.7% of its holdings invested in the company.


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