Carriage Services, Inc. (CSV) Declares $0.025 Quarterly Dividend; 1.7% Yield, Announces $5M Buyback Plan
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Carriage Services, Inc. (NYSE: CSV) declared a quarterly dividend of $0.025 per share, or $0.1 annualized.
The dividend will be payable on December 1, 2011, to stockholders of record on November 14, 2011, with an ex-dividend date of November 10, 2011.
The annual yield on the dividend is 1.7 percent.
Additionally, the Board of Directors today authorized a $5 million stock repurchase program to be executed at the discretion of executive management in the open market. The repurchase plan calls for the repurchases to be made in the open market or in privately negotiated transactions from time-to-time in compliance with applicable laws, rules and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended, subject to market and business conditions, levels of cash generated from operations, cash requirements for acquisitions, debt covenant compliance, applicable legal requirements and other relevant factors. The plan does not obligate the Company to purchase any particular number of shares, and may be suspended or discontinued at any time.
The dividend will be payable on December 1, 2011, to stockholders of record on November 14, 2011, with an ex-dividend date of November 10, 2011.
The annual yield on the dividend is 1.7 percent.
Additionally, the Board of Directors today authorized a $5 million stock repurchase program to be executed at the discretion of executive management in the open market. The repurchase plan calls for the repurchases to be made in the open market or in privately negotiated transactions from time-to-time in compliance with applicable laws, rules and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended, subject to market and business conditions, levels of cash generated from operations, cash requirements for acquisitions, debt covenant compliance, applicable legal requirements and other relevant factors. The plan does not obligate the Company to purchase any particular number of shares, and may be suspended or discontinued at any time.
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