Carriage Services, Inc. (NYSE:CSV) declared a quarterly dividend on Friday, April 27th, Wall Street Journal reports. Stockholders of record on Monday, May 14th will be given a dividend of 0.075 per share on Friday, June 1st. This represents a $0.30 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, May 11th.

Carriage Services has increased its dividend by an average of 31.0% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Carriage Services has a payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Carriage Services to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 14.2%.

NYSE:CSV opened at $26.85 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.55 and a current ratio of 0.71. The firm has a market capitalization of $431.39, a PE ratio of 17.42, a P/E/G ratio of 0.97 and a beta of 0.65. Carriage Services has a 12-month low of $23.15 and a 12-month high of $28.96.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, April 25th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The firm had revenue of $73.39 million for the quarter, compared to analyst estimates of $76.54 million. Carriage Services had a return on equity of 14.51% and a net margin of 14.98%. analysts forecast that Carriage Services will post 1.84 EPS for the current fiscal year.

CSV has been the topic of several recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $32.00 target price (up from $30.00) on shares of Carriage Services in a report on Thursday, February 15th. Zacks Investment Research lowered Carriage Services from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

In other news, Director Barry K. Fingerhut purchased 2,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of $27.50 per share, for a total transaction of $68,750.00. Following the completion of the acquisition, the director now directly owns 2,500 shares in the company, valued at approximately $68,750. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Raymond Schenck purchased 1,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the acquisition, the director now owns 6,061 shares of the company’s stock, valued at $168,435.19. The disclosure for this purchase can be found here. Insiders own 13.60% of the company’s stock.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.

Dividend History for Carriage Services (NYSE:CSV)

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