Carriage Services Increased Its Quarterly Cash Dividend
On October 27, 2020, Carriage Services (NYSE: CSV) announced an increase in its quarterly dividend to 10¢ per share, payable on December 1, 2020, to shareholders recorded as of November 9, 2020.
Sentiment and the balance of points
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Rhea-AI Summary
On October 27, 2020, Carriage Services (NYSE: CSV) announced an increase in its quarterly dividend to 10¢ per share, payable on December 1, 2020, to shareholders recorded as of November 9, 2020. This decision comes after the Board of Directors withdrew its previous dividend declaration from October 21, 2020. Carriage Services is a prominent provider of funeral and cemetery services, operating 180 funeral homes across 27 states and 32 cemeteries in 12 states.
Positive
- Increased quarterly dividend to 10¢ per share.
- Dividends scheduled for December 1, 2020, reflecting confidence in cash flow.
Negative
- Previous dividend declaration was canceled.
Details
News Market Reaction – CSV
The recorded move for CSV in the trading session of this news was +5.11%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced that its Board of Directors on October 27, 2020 increased its quarterly dividend to 10¢ per share and subsequently declared a quarterly dividend payable on December 1, 2020 to common share record holders as of November 9, 2020.
In connection with the increased dividend, the Board of Directors withdrew and cancelled its previous dividend declaration on October 21, 2020.
Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States. Carriage operates 180 funeral homes in 27 states and 32 cemeteries in 12 states.
For more information, please contact Viki Blinderman at 713-332-8568 or Ben Brink at 713-332-8441 or email InvestorRelations@carriageservices.com.
Source: Carriage Services, Inc.
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