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

Key Points

• Service Corporation International (SCI) declared a quarterly dividend of $0.32 per share, payable on September 30th to stockholders of record by September 15th, resulting in an annualized dividend yield of 1.6%.
• The company reported earnings of $0.88 per share for the last quarter, exceeding analysts' expectations, and achieving a revenue of $1.07 billion, which is a 3% year-over-year increase.
• Institutional investors hold 85.53% of SHARES in Service Corporation International, with significant stake increases from FMR LLC and Principal Financial Group in recent quarters.

Service Corporation International (NYSE:SCI - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.32 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th.

Service Corporation International has a payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE:SCI traded up $1.14 during midday trading on Friday, hitting $80.52. The stock had a trading volume of 998,603 shares, compared to its average volume of 1,203,012. The company's 50-day moving average price is $79.20 and its 200-day moving average price is $78.56. The company has a market capitalization of $11.29 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. Service Corporation International has a fifty-two week low of $71.75 and a fifty-two week high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 EPS. As a group, equities research analysts predict that Service Corporation International will post 3.84 EPS for the current fiscal year.

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.