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

Service Corporation International (NYSE:SCI) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, December 15th will be paid 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 raised its dividend annually for the last 15 consecutive years. Service Corporation International has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE SCI opened at $77.10 on Thursday. The firm’s 50 day simple moving average is $79.56 and its 200-day simple moving average is $79.91. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.40 and a quick ratio of 0.36. Service Corporation International has a 12 month low of $68.41 and a 12 month high of $90.99. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.89 and a beta of 0.77.

Service Corporation International (NYSE:SCI) last posted its 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 net margin of 12.70% and a return on equity of 34.96%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $0.87 earnings per share. Service Corporation International’s revenue was up 4.6% on a year-over-year basis. Analysts expect that Service Corporation International will post 4.00 EPS for the current year.

About Service Corporation International

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.