Carriage Services, Inc. (NYSE:CSV) Declares Quarterly Dividend of $0.11

Key Points

• Carriage Services, Inc. has declared a quarterly dividend of $0.11 per share, payable on December 1st to stockholders of record on November 3rd.
• The company reported a dividend payout ratio of 13.4%, suggesting that its dividend is well-covered by earnings, with expected future earnings allowing for a ratio of 16.0%.
• Carriage Services' stock is currently trading around $45.05, with a market cap of $707.12 million and a PE ratio of 13.53.

Carriage Services, Inc. (NYSE:CSV - Get Free Report) declared a quarterly dividend on Wednesday, October 15th. Stockholders of record on Monday, November 3rd will be given a dividend of 0.1125 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, November 3rd.

Carriage Services has a dividend payout ratio of 13.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carriage Services to earn $2.82 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 16.0%.

Carriage Services Trading Up 0.8%

CSV opened at $45.05 on Thursday. The stock has a market cap of $707.12 million, a PE ratio of 13.53, a PEG ratio of 0.90 and a beta of 0.86. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.72. The business has a 50 day moving average of $44.82 and a 200-day moving average of $43.53. Carriage Services has a 52 week low of $31.15 and a 52 week high of $49.41.

Carriage Services (NYSE:CSV - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The company had revenue of $102.15 million during the quarter, compared to analysts' expectations of $101.36 million. Carriage Services had a return on equity of 21.63% and a net margin of 12.85%. Equities research analysts predict that Carriage Services will post 2.5 earnings per share for the current fiscal year.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.

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