Carriage Services, Inc. (CSV) to Issue Quarterly Dividend of $0.11 on December 1st

Carriage Services, Inc. (NYSE:CSV) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Monday, November 2nd will be paid 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 is Monday, November 2nd.

Carriage Services has increased its dividend payment by an average of 0.1% per year over the last three years. Carriage Services has a payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of CSV stock traded down $0.01 on Friday, reaching $36.12. The company’s stock had a trading volume of 303,219 shares, compared to its average volume of 235,398. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92. Carriage Services has a 12-month low of $30.11 and a 12-month high of $52.10. The company has a market capitalization of $573.21 million, a P/E ratio of 12.95, a PEG ratio of 0.72 and a beta of 0.79. The stock’s 50 day simple moving average is $33.33 and its 200-day simple moving average is $39.09.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) 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 business had revenue of $102.95 million for 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, equities analysts predict that Carriage Services will post 3.36 earnings per share for the current fiscal year.

Institutional Trading of Carriage Services

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in shares of Carriage Services by 50.8% in the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. 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. Legal & General Group Plc acquired a new position in shares of Carriage Services in the 2nd quarter valued at $54,000. Versant Capital Management Inc boosted its stake in shares of Carriage Services by 747.1% in the third quarter. Versant Capital Management Inc now owns 1,440 shares of the company’s stock valued at $45,000 after buying 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 $67,000. 66.46% of the stock is owned by hedge funds and other 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.