Park Lawn Corporation Recognized – In a notice coming out of Toronto, Ontario, Canada, Park Lawn Corporation was recognized by the Toronto Stock Exchange as a member of its inaugural TSX30.  The TSX30 is a new program designed to celebrate the 30 top-performing stocks over the last three years, based on dividend-adjusted share price appreciation.

CEO Andrew Clark commented on the honor, “As we continue our growth both organically and through acquisition, we will remain focused n enhancing our product and service offerings, in addition to providing industry-leading service to families at their time of need.”

You can see a press release on this naming from Park Lawn here and here is a map of the companies locations.

Funeral Director Daily take:  We have watched Park Lawn since before its public company inception which occurred in October 2017.  From information we can find on E-Trade, the company’s first listed stock price was US $15.27/share on October 2, 2017 and it was trading at US $18.84 as of yesterday’s closing price.  The company’s 52-week high was on June 6, 2019, when it reached US $21.70 per share.

In addition to the stock price the company pays a monthly dividend, as do many Canadian companies, that is an annual yield of about 1.82% at the current stock price.

Finally, going back to when Park Lawn Corporation was a private concern, E-Trade lists its total revenue back in 2014 as US $23.7 million and lists its 2018 year-end revenue at US $161.4 million.  We expect that number to be over US $200 million for calendar year 2019.

Denver Area Funeral Home Landmark Designation put on hold —  Earlier this summer we recently brought you this story about a former funeral home building in the Denver area that is owned by Service Corporation International (SCI).  Partly because of changing neighborhood demographics, SCI has decided to close this facility and put the building and property on the market.

SCI found a buyer, but the neighborhood has objected to the demolition of the building for the proposed new buyer on the belief that the architecture of the building is historic.  Here is a recent article on the issue which explains that the city council has delayed a vote on landmark designation to see if some compromise to the sale can be accomplished.

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