Carriage Services, Inc. (NYSE:CSV) announced a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Shareholders of record on Monday, August 14th will be given a dividend of 0.05 per share on Friday, September 1st. This represents a $0.20 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, August 10th.

Carriage Services has raised its dividend payment by an average of 14.5% annually over the last three years. Carriage Services has a dividend payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carriage Services to earn $1.72 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.6%.

Shares of Carriage Services (CSV) opened at 24.32 on Wednesday. The stock has a market cap of $406.63 million, a PE ratio of 20.59 and a beta of 0.92. Carriage Services has a 12-month low of $22.53 and a 12-month high of $29.11. The firm has a 50-day moving average price of $26.46 and a 200 day moving average price of $26.67.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.10. The business had revenue of $63.87 million during the quarter, compared to analysts’ expectations of $64.35 million. Carriage Services had a return on equity of 15.25% and a net margin of 8.35%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. Equities research analysts predict that Carriage Services will post $1.62 EPS for the current fiscal year.

CSV has been the subject of several research analyst reports. BidaskClub downgraded Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Carriage Services from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $82.00 price target on shares of Carriage Services in a research note on Monday, June 12th.

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About Carriage Services

Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.

Dividend History for Carriage Services (NYSE:CSV)

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