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

Carriage Services, Inc. (NYSE:CSV) announced a quarterly dividend on Thursday, April 17th, RTT News reports. Investors of record on Monday, May 5th will be paid a dividend of 0.1125 per share on Monday, June 2nd. This represents a $0.45 annualized dividend and a yield of 1.14%.

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 13.0% 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 Up 1.8 %

Shares of CSV stock traded up $0.68 during trading hours on Thursday, hitting $39.48. 122,033 shares of the company’s stock traded hands, compared to its average volume of 116,028. Carriage Services has a 12-month low of $23.20 and a 12-month high of $42.75. The stock has a market cap of $617.85 million, a price-to-earnings ratio of 17.70, a PEG ratio of 0.97 and a beta of 0.77. The stock’s fifty day simple moving average is $39.00 and its two-hundred day simple moving average is $38.25. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03.

Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.11. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The company had revenue of $97.70 million during the quarter, compared to the consensus estimate of $96.72 million. During the same quarter last year, the firm earned $0.77 earnings per share. On average, analysts expect that Carriage Services will post 2.5 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on CSV shares. StockNews.com downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Barrington Research reiterated an “outperform” rating and issued a $50.00 price objective on shares of Carriage Services in a research note on Friday, February 28th.

About Carriage Services

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.