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

Park Lawn Co. (TSE:PLC) declared a monthly dividend on Tuesday, November 23rd, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, November 29th.

PLC opened at C$41.13 on Thursday. The stock has a market capitalization of C$1.39 billion and a P/E ratio of 38.88. The business has a 50-day moving average of C$37.50. The company has a debt-to-equity ratio of 27.80, a quick ratio of 1.98 and a current ratio of 2.36. Park Lawn has a 12 month low of C$27.15 and a 12 month high of C$42.04.

In other Park Lawn news, Senior Officer William Clark Harlow sold 1,190 shares of Park Lawn stock in a transaction that occurred on Friday, September 17th. The stock was sold at an average price of C$37.78, for a total transaction of C$44,953.56. Following the sale, the insider now directly owns 4,562 shares of the company’s stock, valued at approximately C$172,334.57. Also, Director Paul G. Smith purchased 665 shares of the company’s stock in a transaction dated Tuesday, November 23rd. The stock was bought at an average cost of C$40.86 per share, for a total transaction of C$27,171.90. Following the completion of the transaction, the director now owns 12,765 shares in the company, valued at C$521,577.90. Over the last ninety days, insiders have acquired 1,665 shares of company stock worth $67,720.

Several research analysts have recently commented on the company. Scotiabank lifted their price objective on Park Lawn from C$43.00 to C$44.00 in a report on Monday, November 15th. National Bank Financial boosted their price target on Park Lawn from C$43.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday, August 13th. Cormark boosted their price target on Park Lawn from C$37.50 to C$46.50 and gave the company a “na” rating in a report on Monday, August 16th. CIBC boosted their price target on Park Lawn from C$43.00 to C$45.50 in a report on Monday, November 15th. Finally, TD Securities boosted their price target on Park Lawn from C$43.00 to C$46.00 and gave the company a “buy” rating in a report on Monday, November 15th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$45.00.

About Park Lawn

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.

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Dividend History for Park Lawn (TSE:PLC)

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