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

Key Points

• Service Corporation International declared a quarterly dividend of $0.36 per share, payable September 30 to shareholders of record on September 15. The annualized dividend is $1.44, representing a 1.7% yield.
• SCI has raised its dividend for 15 consecutive years, with a 34.5% payout ratio indicating coverage by earnings. Analysts expect next year’s payout ratio to be approximately 31.4%.
• The company exceeded quarterly expectations, reporting $0.90 EPS and $1.10 billion in revenue, up 3.6% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.67.

Service Corporation International (NYSE:SCI - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.36 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th.

Service Corporation International has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 15 years. Service Corporation International has a payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Service Corporation International to earn $4.58 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 31.4%.

Service Corporation International Stock Performance

NYSE SCI opened at $85.31 on Thursday. The firm has a market capitalization of $11.63 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.81. The firm's fifty day moving average price is $77.06 and its two-hundred day moving average price is $79.63. Service Corporation International has a 1 year low of $68.41 and a 1 year high of $90.99. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 3.32.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the firm posted $0.88 earnings per share. The business's revenue was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, research analysts anticipate that Service Corporation International will post 4.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SCI shares. Wall Street Zen upgraded shares of Service Corporation International from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings downgraded Service Corporation International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. cut their price target on Service Corporation International from $110.00 to $100.00 and set an "overweight" rating for the company in a research note on Friday, May 1st. Finally, UBS Group boosted their price target on Service Corporation International from $93.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Service Corporation International currently has an average rating of "Moderate Buy" and an average target price of $100.67.

About Service Corporation International

Service Corporation International NYSE: SCI is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source