Service Corporation International (NYSE:SCI) declared a quarterly dividend on Monday, August 7th, RTT News reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.15 per share on Friday, September 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Thursday, September 14th.
Service Corporation International has increased its dividend by an average of 23.6% annually over the last three years and has raised its dividend every year for the last 5 years. Service Corporation International has a dividend payout ratio of 41.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Service Corporation International to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 38.5%.
Service Corporation International (NYSE:SCI) opened at 35.49 on Wednesday. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 19.24 and a beta of 0.93. The firm’s 50-day moving average is $35.02 and its 200-day moving average is $32.66. Service Corporation International has a 52 week low of $24.90 and a 52 week high of $35.89.
Service Corporation International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $769.57 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Service Corporation International will post $1.47 earnings per share for the current year.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Service Corporation International from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub upgraded shares of Service Corporation International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Service Corporation International has a consensus rating of “Buy” and a consensus target price of $37.00.
In other news, CEO Thomas L. Ryan sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $34.92, for a total transaction of $3,492,000.00. Following the completion of the sale, the chief executive officer now owns 1,175,109 shares in the company, valued at approximately $41,034,806.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tammy R. Moore sold 41,400 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $34.85, for a total transaction of $1,442,790.00. Following the sale, the insider now owns 59,220 shares of the company’s stock, valued at approximately $2,063,817. The disclosure for this sale can be found here. Insiders have sold a total of 530,500 shares of company stock valued at $18,479,593 in the last 90 days. Insiders own 6.20% of the company’s stock.
Service Corporation International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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