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

Carriage Services, Inc. (NYSE:CSV) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Monday, August 3rd will be given a dividend of 0.1125 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 3rd.

Carriage Services has raised 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Carriage Services to earn $3.78 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 11.9%.

Carriage Services Stock Up 2.3%

Carriage Services stock opened at $38.87 on Friday. Carriage Services has a fifty-two week low of $37.11 and a fifty-two week high of $52.10. The firm has a market capitalization of $616.87 million, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.73 and a beta of 0.84. The stock’s fifty day moving average is $40.22 and its two-hundred day moving average is $43.12. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.99 and a current ratio of 1.15.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The business had revenue of $106.12 million for the quarter, compared to analyst estimates of $111.39 million. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Analysts predict that Carriage Services will post 3.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Carriage Services

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new position in Carriage Services during the 1st quarter worth $213,000. Optiver Holding B.V. raised its holdings in Carriage Services by 2,195.1% during the first quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock worth $43,000 after purchasing an additional 900 shares in the last quarter. Parvin Asset Management LLC lifted its holdings in shares of Carriage Services by 13.2% in the first quarter. Parvin Asset Management LLC now owns 19,720 shares of the company’s stock valued at $900,000 after buying an additional 2,295 shares during the period. Quantinno Capital Management LP boosted its position in shares of Carriage Services by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 17,336 shares of the company’s stock valued at $792,000 after purchasing an additional 7,096 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in Carriage Services during the first quarter worth approximately $11,610,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.