Finance, Preneed

Assurant announces dividend, more news

World-wide financial services company Assurant announced yesterday a quarterly dividend in the amount of $0.63 which is the same amount that had previously been in place for preceding quarters.  You can read of their announcement here.

Assurant is one of the eight stocks that make up the Death Care Index (DCI).  They pertain to the death care world with their division of preneed funeral insurance which is predominantly situated in North America .

At a closing price as of Thursday, July 9, 2020, that declared dividend on an annual basis would equate to a 2.58% yield on Assurant common stock.  According to E-Trade services Assurant was rated a “Moderate Buy” as of July 10.

StoneMor, Inc. – StoneMor announced yesterday that they are extending the expiration date for their registered exchange offer of their toggle notes.  You can read a press release here.

StoneMor, Inc. is an operator of funeral homes and cemeteries in the United States and Puerto Rico.

Park Lawn CorporationCanadian Insider made know yesterday that Park Lawn Corporation board member Marilyn Anne Brophy had made a purchase of 5000 shares the company’s stock on July 3, 2020.  The average price was at C$22.50 which represented a C$112,750 investment in the company.

You can see the notice from Canadian Insider here.

Park Lawn is a Toronto based consolidator and operator of funeral homes and cemeteries across North America.

Disclaimer-The author of Funeral Director Daily holds a position in Park Lawn Corporation stock.

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