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

Carriage Services, Inc. (NYSE:CSV) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, February 3rd will be given a dividend of 0.1125 per share on Monday, March 3rd. This represents a $0.45 annualized dividend and a dividend yield of 1.13%.

Carriage Services has increased its dividend by an average of 2.9% annually over the last three years. Carriage Services has a payout ratio of 13.6% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.6 %

CSV traded down $0.25 during trading on Thursday, hitting $39.83. The company had a trading volume of 69,562 shares, compared to its average volume of 93,876. Carriage Services has a 1-year low of $22.84 and a 1-year high of $42.13. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The company has a market cap of $606.23 million, a PE ratio of 17.86, a P/E/G ratio of 0.91 and a beta of 0.93. The business has a 50-day moving average of $39.71 and a 200-day moving average of $34.35.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.19. The business had revenue of $100.69 million for the quarter, compared to analyst estimates of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same quarter in the prior year, the business posted $0.33 EPS. As a group, analysts forecast that Carriage Services will post 2.5 earnings per share for the current year.

Analyst Ratings Changes

Separately, Barrington Research upped their price target on Carriage Services from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 6th.

Insider Activity at Carriage Services

In other Carriage Services news, VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the vice president now directly owns 34,166 shares of the company’s stock, valued at $1,290,791.48. This trade represents a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 11.30% of the company’s stock.

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.