Key Developments For Casey's General Stores, Inc.
Casey's General Stores, Inc. (CASY.O) (Nasdaq)
Casey's General Stores, Inc. Acquires 9 Bullseye Locations
Casey's General Stores, Inc. announced that the Company has entered into agreements to purchase nine convenience stores in Missouri owned by PICS Marketing, Inc. and Ridgerunner Properties, LLC. The stores are currently operated by Cox Oil Company Inc. under the Bullseye banner, and will be immediately rebranded to Casey`s. Cox Oil will continue to operate nine other Bullseye locations throughout Missouri. The transaction is scheduled to close the week of December 14. Financial terms of the transaction were not disclosed.
Casey's General Stores, Inc. Declares Dividend
Casey's General Stores, Inc. announced that it has declared a quarterly dividend of $0.085 per share, reflecting the increase approved in June. The dividend is payable November 16, 2009 to shareholders of record on November 2, 2009.
Casey's General Stores, Inc. Declares Quarterly Dividend
Casey's General Stores, Inc. announced that the Board of Directors increased the quarterly dividend to $0.085 per share. The dividend is payable August 17, 2009 to shareholders of record on August 3, 2009.
Casey's General Stores, Inc. To Incur Pretax Charge In Q4 2009; Enters Into Settlement Agreements Regarding Wage And Hour Lawsuits
Casey's General Stores, Inc. announced that it expects to incur a onetime pretax charge of approximately $9.1 million in the fourth quarter of fiscal 2009, which will have an impact of approximately $0.12 on earnings per share. The Company also announced that it has entered into settlement agreements with plaintiffs in two alleged collective and class actions pending in the United States District Court for the Southern District of Iowa. The two actions were brought by plaintiffs seeking to represent approximately 7,800 current and former assistant managers and approximately 76,000 current and former non management level store employees with respect to wage and hour issues. Under the settlement agreements, which are subject to court approval, the Company has agreed to pay all alleged plaintiffs, class members, and their counsel in both actions a total of $11.7 million, and up to an additional $400,000 in related settlement expenses. The Company's Directors and Officers insurance company has agreed to pay $3 million of the settlement on behalf of all defendants.
Casey's General Stores, Inc. Declares Quarterly Dividend
Casey's General Stores, Inc. announced that its Board of Directors declared a quarterly dividend of $0.075 per share. The dividend is payable May 15, 2009, to shareholders of record on May 1, 2009.
