Photo by Nicholas Cappello on Unsplash

Casey’s General Stores Inc, known by the ticker symbol CASY, is a mid-cap specialty retail company, operating in the consumer cyclical business sector. This is my first, last, and only report on CASY for this Viital portfolio or any of my past or future portfolios.

Casey's General Stores Inc owns and operates over 2,000 convenience stores in multiple Midwestern states of the U.S.

The stores provide self-service gasoline, grocery items, and processed foods such as pizza, donuts, and sandwiches. Casey's operates its own distribution centres, delivering its in-store products and fuel supplies.

The company owns most of its real estate, including nearly all of the stores, the distribution centres, and some of its subsidiaries' facilities. More than half of the company's stores are located in areas with populations of fewer than 5,000 people.

Further, the company operates two stores under the Tobacco City name primarily selling tobacco and nicotine products; one liquor store; and one grocery store.

As of March 8, 2022, it operated 2,400 convenience stores in the United States. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.

Three key data points gauge any dividend equity or fund such as Casey’s General Stores Inc (CASY)

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

CASY Price

CASY’s price per share was $198.54 as of yesterday's market close. One year ago its price was $217.44. Therefore, CASY’s share price fell $18.90 or about 8.7% in the past year.

If CASY’s  stock trades in the range of $170.00 to $230.00 this next year, its recent $198.54 share price might rise by $16.46 to reach $215.00 by May 12, 2023. My $16.46 upside estimate is $15.00 LESS than the median of price upsides gauged by eleven analysts tracking CASY for brokerages.

CASY Dividends

Casey’s General Stores Inc’s most recently declared quarterly dividend of $0.35 is payable May 16th to shareholders on record as of April 29th.

CASY initiated a  $0.01 quarterly dividend August 15, 1990.  At its current $0.35 Q rate, CASYs annual payout of $1.40 is calculated to deliver a 0.71% annual yield per yesterday’s $198.54 share price.

CASY Returns

Adding the $1.40 CASY annual dividend to the estimated one-year price upside of $16.46 shows a $17.86 potential gross gain, per share, to be reduced by any costs to trade CASY shares.

At yesterday's $198.54 closing price per share, a little under $1000 would buy 5 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $2.00 per share.

Subtract that maybe $2.00 brokerage cost from my estimated $17.86 gross gain estimate per share results in a net gain of $15.86 X 5 shares = $79.30 for a 7.93% net gain on a $992.70 investment.

So it is that Casey’s General Stores Inc shows a possible 7.93% net gain including a 0.71% forward looking dividend yield.

Over the next year at this time our $1000 investment in CASY shares could generate $7.10 in cash dividends. Of course a single share of CASY stock bought at yesterday's $198.54 price is nearly 28 times higher than the anticipated dividend income from our $1000.00 invested.

So, by my dogcatcher ideal, this is no time to pick up CASY’s shares based on their forward looking dividends for the year 2022. The forthcoming annual dividend from $1K invested is currently 29 times less than yesterday's single share price. Consider yourself alerted. It's a sign. Do not touch CASY stock for dividends until the share price drops to $37.40 or the dividend grows to $9.85 per Quarter.

All of the estimates above are speculation based on the past history of Casey’s General Stores Inc (CASY). Only time and money invested in this stock will determine its market value.