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

Carriage Services, Inc. (NYSE:CSV) declared a quarterly dividend on Thursday, October 15th. Shareholders 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 of this dividend is Monday, November 2nd.

Carriage Services has increased its dividend payment by an average of 0.1% annually over the last three years. Carriage Services has a payout ratio of 13.4% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 2.6%

Shares of CSV stock opened at $36.16 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29. The firm has a market cap of $573.78 million, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.70 and a beta of 0.79. The company has a 50-day moving average of $33.33 and a two-hundred day moving average of $39.11. Carriage Services has a 1-year low of $30.11 and a 1-year high of $52.10.

Carriage Services (NYSE:CSV) last announced its quarterly 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 company had revenue of $102.95 million for the quarter, compared to analyst estimates of $108.91 million. Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, analysts predict that Carriage Services will post 3.36 EPS for the current year.

Hedge Funds Weigh In On Carriage Services

Several institutional investors have recently bought and sold shares of CSV. PNC Financial Services Group Inc. grew its position in Carriage Services by 50.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock valued at $36,000 after acquiring an additional 264 shares in the last quarter. Optiver Holding B.V. lifted its position in shares of 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. Legal & General Group Plc acquired a new stake in shares of Carriage Services during the second quarter worth about $54,000. Versant Capital Management Inc lifted its position in shares of Carriage Services by 747.1% during the third quarter. Versant Capital Management Inc now owns 1,440 shares of the company’s stock worth $45,000 after purchasing an additional 1,270 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Carriage Services in the second quarter valued at approximately $67,000. 66.46% of the stock is owned by institutional investors and hedge funds.

Carriage Services Company Profile

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.