Service Co. International Announces Quarterly Dividend of $0.30 (NYSE:SCI)

Service Co. International (NYSE:SCI - Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.30 per share on Friday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, June 14th.

Service Co. International has increased its dividend payment by an average of 12.8% annually over the last three years and has increased its dividend annually for the last 13 consecutive years.

Service Co. International Price Performance

Shares of SCI traded up $1.38 during mid-day trading on Wednesday, reaching $69.35. The stock had a trading volume of 1,440,464 shares, compared to its average volume of 857,157. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.83 and a beta of 0.81. Service Co. International has a 12 month low of $52.89 and a 12 month high of $75.97. The business has a fifty day moving average of $72.00 and a 200 day moving average of $67.55. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.57 and a current ratio of 0.62.

Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.04. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Equities analysts predict that Service Co. International will post 3.66 EPS for the current year.

Wall Street Analysts Forecast Growth

SCI has been the topic of several research analyst reports. UBS Group boosted their target price on shares of Service Co. International from $72.00 to $79.00 and gave the stock a "buy" rating in a report on Wednesday, February 14th. Oppenheimer boosted their target price on shares of Service Co. International from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Transactions at Service Co. International

In other Service Co. International news, VP Steven A. Tidwell sold 45,995 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total transaction of $3,469,402.85. Following the completion of the transaction, the vice president now owns 54,354 shares in the company, valued at $4,099,922.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Service Co. International news, VP Steven A. Tidwell sold 45,995 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $75.43, for a total transaction of $3,469,402.85. Following the sale, the vice president now directly owns 54,354 shares in the company, valued at $4,099,922.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 16,580 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $72.20, for a total value of $1,197,076.00. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares of the company's stock, valued at $71,359,953. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 211,292 shares of company stock valued at $15,670,096. 4.60% of the stock is currently owned by corporate insiders.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.