Service Co. International (NYSE:SCI) declared a quarterly dividend on Wednesday, November 14th, RTT News reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.17 per share on Monday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, December 13th.

Service Co. International has raised its dividend by an average of 19.5% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Service Co. International has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Service Co. International to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 34.2%.

Service Co. International stock opened at $44.62 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. Service Co. International has a 52 week low of $35.19 and a 52 week high of $47.09.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Monday, October 29th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $778.80 million during the quarter, compared to analyst estimates of $762.60 million. Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. Service Co. International’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. Research analysts anticipate that Service Co. International will post 1.82 earnings per share for the current year.

A number of equities analysts have commented on the company. ValuEngine raised Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Oppenheimer boosted their target price on Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Credit Suisse Group boosted their target price on Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. Zacks Investment Research restated a “sell” rating on shares of Service Co. International in a research report on Thursday, November 15th. Finally, Raymond James boosted their target price on Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $46.17.

In other news, CEO Thomas L. Ryan sold 99,597 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $44.14, for a total transaction of $4,396,211.58. Following the completion of the sale, the chief executive officer now owns 1,075,735 shares in the company, valued at $47,482,942.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Steven A. Tidwell sold 9,300 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $45.90, for a total value of $426,870.00. Following the sale, the vice president now owns 55,897 shares of the company’s stock, valued at approximately $2,565,672.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 314,400 shares of company stock valued at $14,012,985. 6.20% of the stock is currently owned by corporate insiders.

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Service Co. International Company Profile

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.

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

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