Carriage Services, Inc. (NYSE:CSV) announced a quarterly dividend on Wednesday, July 25th, Zacks reports. Stockholders of record on Tuesday, August 14th will be given a dividend of 0.075 per share on Tuesday, September 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, August 13th.

Carriage Services has increased its dividend payment by an average of 31.0% per year over the last three years and has raised its dividend every year for the last 2 years. Carriage Services has a payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Carriage Services to earn $1.45 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 20.7%.

Shares of Carriage Services traded down $0.16, reaching $24.12, during midday trading on Wednesday, according to MarketBeat. The company had a trading volume of 280 shares, compared to its average volume of 78,105. Carriage Services has a one year low of $22.16 and a one year high of $28.96. The company has a current ratio of 2.62, a quick ratio of 2.36 and a debt-to-equity ratio of 1.49. The firm has a market cap of $380.09 million, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.17 and a beta of 0.55.

Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, August 1st. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15). Carriage Services had a net margin of 14.40% and a return on equity of 12.49%. The company had revenue of $63.00 million during the quarter, compared to the consensus estimate of $69.16 million. equities research analysts forecast that Carriage Services will post 1.34 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. ValuEngine lowered Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Zacks Investment Research downgraded Carriage Services from a “hold” rating to a “sell” rating in a report on Friday, April 27th. Finally, Barrington Research restated a “buy” rating and set a $32.00 price target on shares of Carriage Services in a report on Thursday, August 2nd.

In related news, COO Mark R. Bruce sold 3,500 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $25.15, for a total transaction of $88,025.00. Following the transaction, the chief operating officer now owns 15,551 shares in the company, valued at approximately $391,107.65. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.60% of the stock is owned by insiders.

Carriage Services Company Profile

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.

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Dividend History for Carriage Services (NYSE:CSV)

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