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

Carriage Services, Inc. (NYSE:CSV) announced a quarterly dividend on Thursday, October 15th. Investors 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 2nd.

Carriage Services has raised its dividend by an average of 0.1% annually over the last three years. Carriage Services has a dividend payout ratio of 13.4% indicating that 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 Stock Performance

CSV opened at $36.16 on Friday. The business’s 50-day simple moving average is $33.33 and its 200 day simple moving average is $39.11. Carriage Services has a 52-week low of $30.11 and a 52-week high of $52.10. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46. The firm has a market capitalization of $573.78 million, a PE ratio of 12.96, a PEG ratio of 0.70 and a beta of 0.79.

Carriage Services (NYSE:CSV) last posted 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). Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. The company had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, sell-side analysts expect that Carriage Services will post 3.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carriage Services

Several large investors have recently modified their holdings of CSV. PNC Financial Services Group Inc. grew its stake 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 buying an additional 264 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Carriage Services by 3.3% during the first quarter. Janney Montgomery Scott LLC now owns 9,939 shares of the company’s stock worth $454,000 after acquiring an additional 321 shares during the period. First Trust Advisors LP boosted its holdings in shares of Carriage Services by 0.8% during the first quarter. First Trust Advisors LP now owns 50,199 shares of the company’s stock worth $2,292,000 after acquiring an additional 422 shares during the period. Optiver Holding B.V. boosted its holdings 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 acquiring an additional 900 shares during the period. Finally, R Squared Ltd grew its position in shares of Carriage Services by 6.1% in the first quarter. R Squared Ltd now owns 17,375 shares of the company’s stock valued at $793,000 after purchasing an additional 1,002 shares during the last quarter. 66.46% of the stock is owned by institutional investors.

About Carriage Services

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.