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HOUSTON - Carriage Services, Inc. (NYSE: CSV), a prominent funeral and cemetery service provider, declared a quarterly dividend of 11.25 cents per share, to be disbursed on June 2, 2025. Shareholders on record as of May 5, 2025, will be eligible for the dividend payout. According to InvestingPro data, the company has maintained dividend payments for 15 consecutive years, with a current annual dividend yield of 1.16%.
The announcement made today by the company’s Board of Directors reflects Carriage Services’ ongoing commitment to its shareholders. The company, which operates 160 funeral homes across 25 states and 28 cemeteries in 10 states, emphasizes innovation and high-quality service delivery in its operations. With a market capitalization of $620 million and a strong financial health rating from InvestingPro, the company has demonstrated robust performance, achieving a 68.7% return over the past year.
This financial move comes as part of the company’s regular practice of rewarding its investors and maintaining its position in the market. Carriage Services has established itself as a leading entity in the funeral and cemetery industry within the United States.
Investors and market watchers often view dividend announcements as indicators of a company’s financial health and its confidence in future performance. Dividends can also attract new investors looking for steady income streams and are a way for companies to redistribute profits back to shareholders.
The company has requested that any inquiries be directed to their Investor Relations email, but has not provided further promotional details or forward-looking statements in their release.
This dividend declaration is based on a press release statement from Carriage Services, Inc. and has been reported without bias or endorsement of the company’s claims.
In other recent news, Carriage Services reported its fourth-quarter 2024 earnings, exceeding analyst expectations with an earnings per share (EPS) of $0.62 against a forecast of $0.55. The company generated $97.7 million in revenue for the quarter, slightly above the projected $97.09 million, although this represented a 1.1% year-over-year decline. Full-year revenue was $404.2 million, marking a 5.7% increase, with adjusted consolidated EBITDA rising by 11.5% to $126.2 million. S&P Global Ratings has upgraded the company’s outlook to positive from stable, citing robust performance and a reduction in debt by approximately $42 million in 2024, leading to an adjusted leverage of 4.8x. The ratings firm anticipates Carriage Services may increase growth investments in 2025, though it warns of potential risks if leverage exceeds the mid-4x range. The company has expressed interest in mergers and acquisitions, which could impact long-term leverage. Carriage Services is planning a phased rollout of its Project Trinity ERP and customer experience platform in 2025-2026, with expected interest expense savings of $5-$6 million.
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