Service Corporation International (NYSE:SCI – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, December 15th will be given a dividend of $0.36 per share on Thursday, December 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, December 15th.
Service Corporation International has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Service Corporation International has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Service Corporation International to earn $4.35 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 33.1%.
Service Corporation International Stock Up 2.6%
Service Corporation International stock opened at $77.10 on Thursday. Service Corporation International has a fifty-two week low of $68.41 and a fifty-two week high of $90.99. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.36 and a current ratio of 0.40. The firm has a 50 day moving average price of $79.56 and a 200 day moving average price of $79.91. The company has a market capitalization of $10.48 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77.
Service Corporation International (NYSE:SCI – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02). Service Corporation International had a return on equity of 34.96% and a net margin of 12.70%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $0.87 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Research analysts expect that Service Corporation International will post 4.00 earnings per share for the current year.
Institutional Investors Weigh In On Service Corporation International
Several institutional investors have recently modified their holdings of the company. Fulcrum Asset Management LLP purchased a new stake in shares of Service Corporation International in the third quarter valued at about $166,000. Peterson Wealth Services boosted its position in shares of Service Corporation International by 10.5% in the 3rd quarter. Peterson Wealth Services now owns 17,011 shares of the company’s stock worth $1,295,000 after buying an additional 1,619 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Service Corporation International in the 3rd quarter worth about $41,000. GAMMA Investing LLC grew its stake in Service Corporation International by 20.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,204 shares of the company’s stock valued at $244,000 after acquiring an additional 533 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Service Corporation International by 5.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company’s stock valued at $573,000 after acquiring an additional 361 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.
Service Corporation International Company Profile
Service Corporation International (NYSE:SCI) is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.
SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.
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