Service Corporation International Plans Quarterly Dividend of $0.32 (NYSE:SCI)

Service Corporation International (NYSE:SCI) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Monday, December 15th will be given a dividend of 0.32 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th.

Service Corporation International has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 15 years. Service Corporation International has a dividend payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Service Corporation International to earn $4.21 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 30.4%.

Service Corporation International Stock Performance

NYSE SCI opened at $81.53 on Thursday. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. The business has a 50 day moving average price of $81.09 and a 200 day moving average price of $79.63. Service Corporation International has a 1-year low of $71.75 and a 1-year high of $89.37. The company has a market capitalization of $11.43 billion, a P/E ratio of 21.98, a PEG ratio of 1.94 and a beta of 0.93.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Service Corporation International had a net margin of 12.46% and a return on equity of 33.28%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company posted $0.79 EPS. The company’s revenue was up 4.4% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. Sell-side analysts expect that Service Corporation International will post 3.84 EPS for the current fiscal year.

Insider Activity

In related news, CEO Thomas L. Ryan sold 17,520 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $81.91, for a total transaction of $1,435,063.20. Following the sale, the chief executive officer owned 982,333 shares in the company, valued at approximately $80,462,896.03. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Sumner J. Waring III sold 30,300 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $83.14, for a total transaction of $2,519,142.00. Following the sale, the president owned 295,192 shares in the company, valued at approximately $24,542,262.88. This trade represents a 9.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 226,282 shares of company stock worth $18,340,798 in the last three months. 4.40% of the stock is owned by insiders.

Institutional Trading of Service Corporation International

Institutional investors have recently made changes to their positions in the stock. Assetmark Inc. grew its stake in shares of Service Corporation International by 225.9% during the 1st quarter. Assetmark Inc. now owns 352 shares of the company’s stock valued at $28,000 after buying an additional 244 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Service Corporation International during the 3rd quarter valued at $33,000. V Square Quantitative Management LLC purchased a new stake in shares of Service Corporation International during the 2nd quarter valued at $34,000. Quent Capital LLC purchased a new stake in shares of Service Corporation International during the 3rd quarter valued at $34,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Service Corporation International during the 3rd quarter valued at $34,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Service Corporation International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.