Park Lawn Co. Declares Monthly Dividend of $0.04 (TSE:PLC)

Park Lawn Co. (TSE:PLC) announced a monthly dividend on Tuesday, November 23rd, Zacks reports. Shareholders of record on Tuesday, November 30th will be given a dividend of 0.038 per share on Wednesday, December 15th. This represents a $0.46 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Monday, November 29th.

PLC opened at C$41.13 on Thursday. Park Lawn has a fifty-two week low of C$27.15 and a fifty-two week high of C$42.04. The company has a debt-to-equity ratio of 27.80, a current ratio of 2.36 and a quick ratio of 1.98. The business’s fifty day simple moving average is C$37.50. The firm has a market capitalization of C$1.39 billion and a P/E ratio of 38.88.

In related news, Director Paul G. Smith acquired 665 shares of the business’s stock in a transaction dated Tuesday, November 23rd. The stock was bought at an average price of C$40.86 per share, with a total value of C$27,171.90. Following the acquisition, the director now owns 12,765 shares in the company, valued at approximately C$521,577.90. Also, Senior Officer William Clark Harlow sold 1,190 shares of the firm’s stock in a transaction on Friday, September 17th. The stock was sold at an average price of C$37.78, for a total value of C$44,953.56. Following the completion of the transaction, the insider now owns 4,562 shares in the company, valued at approximately C$172,334.57. Insiders have acquired a total of 1,665 shares of company stock valued at $67,720 over the last three months.

A number of equities research analysts have weighed in on the stock. National Bank Financial lifted their price target on shares of Park Lawn from C$43.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Friday, August 13th. National Bankshares lifted their price target on shares of Park Lawn from C$43.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Friday, August 13th. Royal Bank of Canada boosted their target price on shares of Park Lawn from C$46.00 to C$50.00 and gave the company a “na” rating in a research note on Monday, September 13th. Scotiabank boosted their target price on shares of Park Lawn from C$43.00 to C$44.00 in a research note on Monday, November 15th. Finally, TD Securities boosted their target price on shares of Park Lawn from C$43.00 to C$46.00 and gave the company a “buy” rating in a research note on Monday, November 15th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$45.00.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, provides funeral, cremation, and cemetery services in Canada and the United States. The company owns and operates 123 cemeteries, 40 crematoriums, and 116 funeral homes. It primarily offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.

Further Reading: Why Invest in Dividend Kings

Dividend History for Park Lawn (TSE:PLC)

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