|May 24, 2013
4:07 PM ET
Quotes delayed at least 20 minutes.
Information provided by eSignal.
StoneMor Partners L.P. (NYSE:STON) is the second largest owner and operator of cemeteries in the United States. The Company operates 274 cemeteries in 26 states and Puerto Rico. STON also operates 69 funeral homes, 26 of which are on the grounds of its cemeteries. The cemetery products include burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials and services to provide for the installation of the cemetery merchandise. The Company is headquartered Levittown, Pennsylvania, and was founded in 1999. StoneMor completed an IPO in September 2004 and is the only publicly traded death care company structured as a master limited partnership. As an MLP, STON benefits from the favorable tax treatment provided by this structure, which in turn allows unit holders to enjoy a high current yield on their units and realize tax-deferred distributions for as long as they hold their investment. StoneMor's goal is to generate increasing distributable cash flow for its unit holders through acquisitions, pre-need and at need sales of interment rights, cemetery merchandise and services, and income and gains from managed trusts.