Service Co. International (NYSE:SCI) to Issue $0.32 Quarterly Dividend

Service Co. International (NYSE:SCI - Get Free Report) announced a quarterly dividend on Tuesday, May 6th, RTT News reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.32 per share on Monday, June 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.68%.

Service Co. International has increased its dividend payment by an average of 10.9% per year over the last three years and has increased its dividend every year for the last 15 years. Service Co. International has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Service Co. 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 Co. International Stock Performance

Shares of NYSE SCI traded up $0.91 during midday trading on Tuesday, hitting $76.09. 301,735 shares of the company's stock were exchanged, compared to its average volume of 1,049,545. Service Co. International has a twelve month low of $67.22 and a twelve month high of $89.37. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a market cap of $10.96 billion, a P/E ratio of 21.42, a PEG ratio of 1.90 and a beta of 0.96. The stock's 50 day moving average price is $78.59 and its 200-day moving average price is $80.25.

Service Co. International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.06 billion. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 earnings per share. Equities research analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Insider Buying and Selling at Service Co. International

In related news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the transaction, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the transaction, the director now owns 46,824 shares in the company, valued at $3,712,674.96. The trade was a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.40% of the company's stock.

Hedge Funds Weigh In On Service Co. International

An institutional investor recently bought a new position in Service Co. International stock. Brighton Jones LLC acquired a new position in shares of Service Co. International (NYSE:SCI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,448 shares of the company's stock, valued at approximately $435,000. Institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group dropped their target price on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday. StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.25.

About Service Co. International

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.

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