Park Lawn Corp (TSE:PLC) to Issue $0.04 Monthly Dividend

Park Lawn Corp (TSE:PLC) declared a monthly dividend on Monday, July 27th, Zacks reports. Shareholders of record on Friday, July 31st will be given a dividend of 0.038 per share on Monday, August 17th. This represents a $0.46 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, July 30th.

Shares of PLC stock traded up C$0.87 during mid-day trading on Wednesday, hitting C$24.34. The company had a trading volume of 34,857 shares, compared to its average volume of 120,464. The company has a debt-to-equity ratio of 41.08, a current ratio of 2.19 and a quick ratio of 1.68. The stock’s 50 day moving average price is C$22.90 and its 200-day moving average price is C$23.89. Park Lawn has a 52-week low of C$15.58 and a 52-week high of C$31.77. The company has a market capitalization of $690.61 million and a P/E ratio of 165.00.

Park Lawn (TSE:PLC) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.08. The company had revenue of C$73.99 million during the quarter, compared to the consensus estimate of C$72.47 million. On average, equities research analysts expect that Park Lawn will post 1.0900001 earnings per share for the current year.

In other news, Director William John Ward bought 2,500 shares of Park Lawn stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average price of C$23.31 per share, with a total value of C$58,265.00. Following the completion of the purchase, the director now owns 17,641 shares in the company, valued at approximately C$411,141.15.

PLC has been the subject of a number of research reports. Canaccord Genuity increased their price target on Park Lawn from C$24.00 to C$25.00 in a research note on Thursday, May 21st. CIBC cut their target price on shares of Park Lawn from C$33.00 to C$25.00 in a report on Thursday, April 2nd. National Bank Financial reiterated an “outperform” rating and set a C$26.00 price objective on shares of Park Lawn in a research report on Tuesday, July 14th. Raymond James set a C$24.50 target price on shares of Park Lawn and gave the stock an “outperform” rating in a report on Thursday, April 2nd. Finally, TD Securities lowered their price target on shares of Park Lawn from C$30.00 to C$27.00 and set a “buy” rating for the company in a report on Wednesday, April 1st.

About Park Lawn

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.

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Dividend History for Park Lawn (TSE:PLC)

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