We present Keck II/DEIMOS spectroscopy of the three distant dwarf galaxies of M31 Lacerta I, Cassiopeia III, and Perseus I, recently discovered within the Pan-STARRS1 3π imaging survey. The systemic velocities of the three systems (v_{r,helio} = -198.4 +/- 1.1 km/s, -371.6 +/- 0.7 km/s, and -326 +/- 3 km/s, respectively) confirm that they are satellites of M31. In the case of Lacerta I and Cassiopeia III, the high quality of the data obtained for 126 and 212 member stars, respectively, yields reliable constraints on their global velocity dispersions (σ_{vr} = 10.3 +/- 0.9 km/s and 8.4 +/- 0.6 km/s, respectively), leading to dynamical-mass estimates for both of ~4x10^7 Msun within their half-light radius. These translate to V-band mass-to-light ratios of 15^{+12}_{-9} and 8^{+9}_{-5} in solar units. We also use our spectroscopic data to determine the average metallicity of the 3 dwarf galaxies ([Fe/H] = -2.0 +/- 0.1, -1.7 +/- 0.1, and -2.0 +/- 0.2, respectively). All these properties are typical of dwarf galaxy satellites of Andromeda with their luminosity and size. ; Comment: 6 pages, 4 figures. ApJL, in press