Casey’s Increases Dividend, Building Plans

ANKENY, Iowa — Casey’s General Stores on Tuesday said it would increase its dividend payment by 18% and expand into Arkansas for the first time — initiatives that would demonstrate the convenience operator’s potential to produce value for shareholders who are now considering a buyout offer from a larger rival.

ANKENY, Iowa — Casey’s General Stores on Tuesday said it would increase its dividend payment by 18% and expand into Arkansas for the first time — initiatives that would demonstrate the convenience operator’s potential to produce value for shareholders who are now considering a buyout offer from a larger rival.

As previously reported, Casey’s board of directors has recommended shareholders reject the $36-per-share offer from Quebec-based rival Alimentation Couche-Tard.

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