Carriage Services (CSV) will raise its quarterly dividend by 16.7 percent to $0.0875 per share in 2020. This is the first dividend hike by the provider of death care services since 2017, when the dividend was increased by fifty percent.

The next dividend is payable on September 1, 2020 to common share record holders as of August 10, 2020. A new annual dividend rate of 35 cents per share yields 1.5% at a stock price of $22.87.

Carriage Services, Inc. is a provider of death care services and merchandise in the United States. The company operates funeral homes and cemeteries. The Funeral Homes segment provides funeral services and sells related merchandise, such as caskets and urns. Its cemetery products and services include interment services and related cemetery merchandise, such as memorials and vaults.