Finance
Last week Carriage Services announced that they will continue with their quarterly dividend of 7.5 cents per share. The dividend will be payable on March 1, 2018, to shareholders of record as of February 12, 2018. This amount of $0.075 per quarter translates into a dividend yield for Carriage Services on an annual basis of…
Read MoreI read an article published on Friday by Samuel Leathers and featured on the site, Seeking Alpha. The crux of the article, which you can read here, is the author’s opinion that a better way to play the “Graying of America” demographic in the stock market than senior housing and the nursing home industry is…
Read MoreIn an article from the Think Advisor which you can read here it was reported that Ogden, Utah based pre-need life insurer Great Western Life Insurance is going to be acquired by American Republic Insurance of Des Moines, Iowa. Great Western is a privately held life insurance company, specializing in Pre-Need funeral insurance started by…
Read MoreYesterday we gave you a recap of the death care public companies that make up the Death Care Index and their performance in 2017. We also promised that we would bring you some ideas that we have where those companies may be headed in the year ahead. Again, please couch your thoughts with the fact…
Read MoreIn a year when the stock market has been tremendously rewarding to those that were invested in it, the Funeral Director Daily Death Care Index (DCI) of public companies in the industry did not fare near as well. For the year from January 1, 2017 thru December 31, 2017, if you were invested in the…
Read MorePropel Funeral Partners, the funeral home, cremation, and cemetery company that serves Australia and New Zealand is seeing their stock continue to rise since their initial public offering (IPO) in November. According to an article in the Motley Fool from December 27, 2017, the stock has moved from an IPO price of AUS $2.70 to…
Read MoreOn December 19 Standard and Poor’s Global Ratings issued a rating on Hillenbrand’s amended $900 million unsecured revolving credit facility expiring in December 2022. The rating assigned was BBB. The company restated that it will use this credit facility for financing working capital needs and general corporate purposes. Standard and Poor’s gave the following reasons…
Read MoreStoneMor Partners, based in Trevose, Pennsylvania, issued their 2nd Quarter 2017 financials and report on December 12. We bring them to you today. You can see their press release on the results here. Here are some of their highlights: Revenues for the quarter were $86 million which represents a $7.0 million increase from the same…
Read MorePark Lawn Corporation, the funeral industry consolidator out of Toronto, Canada, announced yesterday in this press release that they have obtained additional credit facilities which will poise them for further growth. The company announced a $125 million facility with the National Bank of Canada as the lead lender and participation from the Bank of Montreal…
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