Security National Financial Declares 5% Stock Dividend

By Doc LouallenSecurity National Financial authorized a 5% stock dividend.Shareholders of record July 10 will receive the shares on July 17."We find many of our stockholders are pleased with the stock dividend due to the options it affords for long-term appreciation or cash flow if they choose to s…

By Doc Louallen

Security National Financial authorized a 5% stock dividend.

Shareholders of record July 10 will receive the shares on July 17.

"We find many of our stockholders are pleased with the stock dividend due to the options it affords for long-term appreciation or cash flow if they choose to sell the shares," Chief Executive Scott Quist said.

This is the company's 38th straight year declaring a stock dividend.

Shares fell 2% to $9.69 in Monday afternoon trading.

Write to Doc Louallen at Doc.Louallen@wsj.com