Carriage Services, Inc. (CSV) To Go Ex-Dividend on August 3rd

Carriage Services, Inc. (NYSE:CSV) announced a quarterly dividend on Thursday, July 16th. Stockholders of record on Monday, August 3rd will be given a dividend of 0.1125 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 3rd.

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% meaning its dividend is sufficiently covered by earnings. Analysts expect Carriage Services to earn $3.78 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 11.9%.

Carriage Services Stock Up 0.7%

Shares of NYSE:CSV opened at $40.38 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.99. The company has a fifty day simple moving average of $39.08 and a 200 day simple moving average of $42.82. The firm has a market cap of $640.88 million, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84. Carriage Services has a 12-month low of $36.39 and a 12-month high of $52.10.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. The firm had revenue of $106.12 million for the quarter, compared to analysts’ expectations of $111.39 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities research analysts anticipate that Carriage Services will post 3.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Carriage Services

Several institutional investors have recently made changes to their positions in CSV. Caitong International Asset Management Co. Ltd bought a new stake in shares of Carriage Services in the 3rd quarter worth approximately $29,000. PNC Financial Services Group Inc. boosted its position in Carriage Services by 50.8% during the 1st 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 period. Jones Financial Companies Lllp grew its stake in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after buying an additional 868 shares during the last quarter. Optiver Holding B.V. grew its stake in Carriage Services by 2,195.1% during the 1st quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock worth $43,000 after buying an additional 900 shares during the last quarter. Finally, Quarry LP bought a new position in Carriage Services during the 3rd quarter worth $51,000. 66.46% of the stock is owned by institutional investors.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.