Service Corporation International (SCI) to Issue Quarterly Dividend of $0.36 on September 30th

Service Corporation International (NYSE:SCI) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.36 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date 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 raised its dividend annually for the last 15 consecutive years. Service Corporation International has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Service Corporation International to earn $4.59 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%.

Service Corporation International Stock Performance

Service Corporation International stock opened at $84.80 on Friday. 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 market capitalization of $11.56 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.89 and a beta of 0.81. The stock has a fifty day moving average of $77.23 and a two-hundred day moving average of $79.64. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.49 and a current ratio of 0.53.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. On average, analysts anticipate that Service Corporation International will post 4.18 EPS for the current fiscal year.

Insider Activity

In other news, CEO Thomas L. Ryan sold 253,391 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $85.25, for a total value of $21,601,582.75. Following the sale, the chief executive officer owned 1,006,212 shares in the company, valued at approximately $85,779,573. This represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SCI. Sunbelt Securities Inc. acquired a new stake in shares of Service Corporation International during the 3rd quarter valued at approximately $42,000. V Square Quantitative Management LLC acquired a new position in Service Corporation International in the fourth quarter worth $46,000. Root Financial Partners LLC boosted its holdings in Service Corporation International by 35.7% in the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $50,000 after purchasing an additional 161 shares during the period. Los Angeles Capital Management LLC bought a new stake in Service Corporation International during the fourth quarter valued at $54,000. Finally, Danske Bank A S bought a new stake in Service Corporation International during the third quarter valued at $83,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

About Service Corporation International

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.