Service Corporation International (NYSE:SCI) to Issue $0.36 Quarterly Dividend

Service Corporation International (NYSE:SCI – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.36 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Service Corporation International has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 15 years. Service Corporation International has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Service Corporation International to earn $4.58 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 31.4%.

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Service Corporation International Trading Down 0.3%

Shares of Service Corporation International stock opened at $85.31 on Thursday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.81. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 3.32. The company has a 50-day simple moving average of $77.06 and a 200 day simple moving average of $79.63. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $90.99.

Service Corporation International (NYSE:SCI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. Research analysts expect that Service Corporation International will post 4.2 earnings per share for the current fiscal year.

Insider Transactions at Service Corporation International

In related news, CEO Thomas L. Ryan sold 253,391 shares of Service Corporation International stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $85.25, for a total value of $21,601,582.75. Following the completion of the sale, the chief executive officer directly owned 1,006,212 shares in the company, valued at $85,779,573. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Service Corporation International

A number of institutional investors have recently bought and sold shares of SCI. Root Financial Partners LLC raised its holdings in Service Corporation International by 35.7% in the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $50,000 after acquiring an additional 161 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Service Corporation International by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,872 shares of the company’s stock valued at $402,000 after purchasing an additional 210 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Service Corporation International by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company’s stock worth $3,622,000 after purchasing an additional 270 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Service Corporation International by 3.1% in the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock worth $848,000 after purchasing an additional 321 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Service Corporation International in the third quarter worth $42,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Corporation International Company Profile

(Get Free Report)

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.

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