Finance
It was announced this week that Service Corporation International and the Archdiocese of New Orleans will collaborate on a plan to build a funeral home and cemetery on land owned by the Archdiocese in New Orleans. You can read the press release from Globe News Wire here. The combination unit, which will also have mausoleum…
Last Thursday, March 22, Park Lawn Corporation announced its March monthly dividend. The company retained the dividend at $0.038 per month which figures out to a yearly dividend of $0.46 per share. Park Lawn’s stock closed last Friday at $26.60 per share leading the dividend to pay a yield of 1.7%. That stock price compares…
Friday marked the stock market’s first “quadruple witching day” of 2018 so we thought it might be a good time to look at the performance of the death care industry stocks and how they performed in the first 2 1/2 months of the 2018 market. Funeral Director Daily’s Death Care Index or DCI is a…
Dignity, PLC, the United Kingdom’s death care conglomerate announced on March 14 that they would be hiring L.E.K. Consulting to work them them in developing a plan for the funeral business going forward. This comes following their January 19 announcement that the company would be drastically reducing their funeral service prices to consumers in response…
A sale was recorded last Monday in the Dayton, Ohio area pertaining to the purchase of land at 820 Miamisburg-Centerville Road according to property records reported by the Dayton Daily News. The property, with seven acres of land, was owned by Schlientz-Moore Funeral Home and purchased by Warren Family Funeral Homes, Inc. According to the…
Death care industry company Service Corporation International recently presented at the Raymond James 39th Annual Institutional Investors Conference. I’ve found a slide deck about their company on Seeking Alpha that you can see here. It was part of their power point presentation to institutional investors and is an interesting synopsis of the company as…
The Journey Group, a death care industry consolidator based out of the New Orleans area, announced last week the purchase and acquisition of two firms in the greater Birmingham, Alabama, area. Both firms are metropolitan combination firms — each with a funeral home facility on a cemetery property. According to the press release that you…
Yesterday Park Lawn Corporation announced another acquisition of a funeral home. Fresh off the announced purchase of seven cemeteries in New York and New Jersey last week for a combined price of close to $50 million, the Toronto based company announced the purchase of the Billingsley Funeral Home in Huntsville, Ontario. In a press release…
On Friday StoneMor Partners issued a press release that you can read here. In it they announced that current CEO Paul Grady would be leaving and would be replaced by Leo Pound, who has been a director of StoneMor since 2014 and was previously their acting Chief Operating Officer. According to the release, Pound is…
In a press release issued yesterday from Park Lawn Corporation of Toronto, that you can read here, the company announced the acquisition of all of the outstanding membership interest of CMS Mid-Atlantic for a purchase price of approximately US $50 million. CMS Mid-Atlantic, according to the release, operates, manages, and provides financial services for seven…
