Park Lawn Co. (TSE:PLC) to Issue Quarterly Dividend of $0.11

Park Lawn Co. (TSE:PLC) declared a quarterly dividend on Friday, March 22nd, Zacks reports. Investors of record on Friday, March 29th will be given a dividend of 0.114 per share on Monday, April 15th. This represents a $0.46 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, March 27th.

Park Lawn Price Performance

TSE PLC traded down C$0.21 during trading hours on Tuesday, reaching C$16.80. The company’s stock had a trading volume of 71,575 shares, compared to its average volume of 83,439. The company has a debt-to-equity ratio of 44.35, a quick ratio of 1.78 and a current ratio of 1.70. The company’s 50-day moving average is C$19.06 and its two-hundred day moving average is C$18.53. Park Lawn has a fifty-two week low of C$15.67 and a fifty-two week high of C$28.32. The stock has a market cap of C$570.36 million, a PE ratio of -56.90, a PEG ratio of 14.67 and a beta of 1.22.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PLC shares. Royal Bank of Canada lowered their price target on shares of Park Lawn from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Tuesday, March 5th. CIBC decreased their price objective on Park Lawn from C$21.00 to C$20.00 in a report on Monday, March 11th. Finally, National Bankshares dropped their target price on Park Lawn from C$22.00 to C$21.00 in a research note on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Park Lawn has a consensus rating of “Moderate Buy” and an average target price of C$22.63.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.