Park Lawn Corporation

Park Lawn completes Signature Deal

By Funeral Director Daily / May 9, 2018 /

At the close of business Monday, May 7, Park Lawn Corporation announced that it had completed its announced purchase of Signature Funeral and Cemetery Investments, LLC (the Signature Group) for approximately US$123 million.  You can read the press release from Stockhouse here. According to Park Lawn CEO Andrew Clark, “With the acquisition of Signature Group,…

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Park Lawn CEO Interview

By Funeral Director Daily / April 30, 2018 /

If you are at all interested in learning about Canadian death care public company Park Lawn Corporation we came across this recent interview of their CEO Andrew Clark on the Capital Ideas portion of Small Cap Power.  It is a 4 minute interview that you can reach at the 12:00 minute mark of the program.…

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Park Lawn to acquire Signature Group and Citadel Management

By Funeral Director Daily / April 18, 2018 /

  When Funeral Director Daily made our 2018 predictions, one that we made was that we thought Canadian funeral and cemetery operator, Park Lawn Corporation, would be aggressive in building its network of funeral homes and cemeteries in the United States.  If you did not agree even when they made a purchase of approximately $US…

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Park Lawn Corporation Reports Year End 2017

By Funeral Director Daily / April 2, 2018 /

Park Lawn Corporation, the Toronto based funeral home and cemetery consolidator, released their 4th quarter and Year End 2017 results last week.  Andrew Clark, Chairman and CEO of the company stated in the release, “Overall the company continued to grow in 2017, while improving its margin profile.”  He continued, “Our goals for 2018 include increased…

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Park Lawn Corporation Sets Dividend

By Funeral Director Daily / March 26, 2018 /

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…

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Assurant Performance Holds Back Death Care Index

By Funeral Director Daily / March 19, 2018 /

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…

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Park Lawn Continues Acquisition Spree

By Funeral Director Daily / March 6, 2018 /

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…

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Park Lawn Corporation Buys Additional U.S. Cemeteries

By Funeral Director Daily / March 1, 2018 /

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…

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Funeral Stocks Announce Dividends

By Funeral Director Daily / February 19, 2018 /

It may be Presidents’ Day today, but at Funeral Director Daily it feels a little more like Finance Day.  We have already let you know about Carriage Services 4th  quarter and year end results and on how their stock fared on Friday after the announcement. We just came across a little bit of finance information…

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Death Care Index Slides in January

By Funeral Director Daily / February 1, 2018 /

The Funeral Director Daily Death Care Index (DCI) dropped roughly 2% for the month of January in contrast to the Dow Jones Industrial Average which recorded a 5.79% gain.  The DCI, a composite total of eight death care industry public stocks, stood at $290.78 at the close on January 31 in comparison to its mark…

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