Service Co. International (SCI) Declares Quarterly Dividend of $0.18

Service Co. International (NYSE:SCI) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.18 per share on Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, June 13th.

Service Co. International has increased its dividend by an average of 15.6% per year over the last three years and has raised its dividend every year for the last 7 years. Service Co. International has a dividend payout ratio of 38.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Service Co. International to earn $2.13 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 33.8%.

Shares of SCI stock traded up $0.33 during trading hours on Friday, reaching $43.87. 1,780,800 shares of the stock traded hands, compared to its average volume of 1,146,444. The firm has a market capitalization of $7.85 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.97 and a beta of 1.05. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.48 and a quick ratio of 0.44. Service Co. International has a 1-year low of $35.19 and a 1-year high of $47.09.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, April 24th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The company had revenue of $798.20 million during the quarter, compared to the consensus estimate of $791.85 million. Service Co. International had a net margin of 13.92% and a return on equity of 21.13%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. Sell-side analysts predict that Service Co. International will post 1.95 EPS for the current fiscal year.

A number of brokerages have weighed in on SCI. ValuEngine raised shares of Service Co. International from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Zacks Investment Research upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Raymond James cut shares of Service Co. International from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Service Co. International has a consensus rating of “Buy” and a consensus target price of $46.75.

In related news, Director Tony Coelho sold 6,325 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $39.65, for a total transaction of $250,786.25. Following the transaction, the director now directly owns 61,750 shares in the company, valued at $2,448,387.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 100,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $43.22, for a total transaction of $4,322,000.00. Following the transaction, the chief executive officer now owns 1,122,809 shares in the company, valued at $48,527,804.98. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.

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About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

Further Reading: What is a Fiduciary?

Dividend History for Service Co. International (NYSE:SCI)

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