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

Key Points

• Carriage Services declared a quarterly dividend of $0.1125 per share, payable December 1 to shareholders of record November 2. The annualized dividend is $0.45 per share, implying a 1.2% yield.
• The dividend appears well covered, with a current payout ratio of 13.4% and an expected future payout ratio of 12.4% based on analysts’ projected earnings.
• Recent quarterly results fell short of expectations: Carriage Services reported $0.78 in earnings per share and $102.95 million in revenue, versus estimates of $0.82 and $108.91 million, respectively.

Carriage Services, Inc. (NYSE:CSV - Get Free Report) declared a quarterly dividend on Thursday, October 15th. Investors of record on Monday, November 2nd will be given a dividend of $0.1125 per share on Tuesday, December 1st. This represents a $0.45 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, November 2nd.

Carriage Services has increased its dividend by an average of 0.1% per year over the last three years. Carriage Services has a dividend payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carriage Services to earn $3.64 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 12.4%.

Carriage Services Stock Up 2.6%

Shares of NYSE CSV opened at $36.16 on Friday. The stock has a market cap of $573.78 million, a PE ratio of 12.96, a P/E/G ratio of 0.70 and a beta of 0.79. The company has a current ratio of 1.46, a quick ratio of 1.29 and a debt-to-equity ratio of 1.92. Carriage Services has a 12-month low of $30.11 and a 12-month high of $52.10. The company has a 50-day moving average of $33.33 and a 200 day moving average of $39.11.

Carriage Services (NYSE:CSV - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.04). The business had revenue of $102.95 million during the quarter, compared to analysts' expectations of $108.91 million. Carriage Services had a return on equity of 19.23% and a net margin of 10.69%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, sell-side analysts predict that Carriage Services will post 3.36 EPS for the current fiscal year.

About Carriage Services

Carriage Services, Inc is a provider of funeral and cemetery services in the United States. The company operates funeral homes and cemeteries that serve families through arrangements for traditional funerals, cremation services, burials and memorialization.

Its offerings generally include funeral planning, preparation and care of the deceased, ceremonies and visitations, cemetery property, interment services, cremation-related products, memorial products and other merchandise. Carriage Services operates through a decentralized network of local businesses, allowing individual locations to maintain their community identities while benefiting from the company's operational support.

Founded in 1991 and headquartered in Houston, Texas, Carriage Services has expanded through the ownership and operation of funeral homes and cemeteries across multiple U.S.

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