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

Key Points

• SCI declared a quarterly dividend of $0.36 per share, payable December 31 to shareholders of record December 15; the annualized dividend is $1.44, yielding about 1.9%.
• The company has increased its dividend for 15 consecutive years. Its 34.5% payout ratio and projected 33.1% ratio suggest earnings are expected to comfortably cover the dividend.
• Quarterly earnings were $0.97 per share, below analysts’ $0.99 estimate, while revenue of $1.11 billion topped expectations and rose 4.6% year over year.

Service Corporation International (NYSE:SCI - Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Investors 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 yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 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% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Service Corporation International stock opened at $77.10 on Thursday. The firm 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 has a 1-year low of $68.41 and a 1-year high of $90.99. 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 current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 3.16.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $0.97 earnings per share 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 business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $0.87 earnings per share. Service Corporation International's revenue was up 4.6% compared to the same quarter last year. As a group, analysts expect that Service Corporation International will post 4.00 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in Service Corporation International during the third quarter valued at $41,000. Fulcrum Asset Management LLP bought a new stake in Service Corporation International during the 3rd quarter valued at about $166,000. GAMMA Investing LLC lifted its holdings in shares of Service Corporation International by 20.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,204 shares of the company's stock worth $244,000 after buying an additional 533 shares during the period. Advisors Preferred LLC raised its holdings in shares of Service Corporation International by 81.0% in the 1st quarter. Advisors Preferred LLC now owns 6,579 shares of the company's stock valued at $543,000 after purchasing an additional 2,945 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of 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 period. Institutional investors own 85.53% of the company's stock.

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.

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