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- 13 Sep
CST Brands to issue cash dividend on stock
When Valero announced their intentions to spin off their retail businesses, the primary reason was to increase shareholder value.
On September 12, the now spun off retail business CST Brands announced their intention to offer cash dividends to stock holders. Initially the dividends are set at $.0625 per share.
After opening at a stock price of $27.50 per share on May 2, CST Brands stock is now trading in the $30 per share range.
CST Brands has been using PriceAdvantage as their retail fuel software at all their US stores since 2012.
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