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

Service Corporation International (NYSE:SCI) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.36 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, June 15th. This is a 5.9% increase from Service Corporation International’s previous quarterly dividend of $0.34.

Service Corporation International has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Service Corporation International has a payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Service Corporation International to earn $4.56 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 29.8%.

Service Corporation International Price Performance

Shares of SCI opened at $78.50 on Thursday. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.78 and a beta of 0.88. Service Corporation International has a twelve month low of $74.31 and a twelve month high of $88.67. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 3.22. The company has a 50 day moving average of $81.84 and a two-hundred day moving average of $80.68.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The company had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $1.09 billion. Service Corporation International had a return on equity of 34.30% and a net margin of 12.36%.The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. As a group, analysts predict that Service Corporation International will post 4.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Service Corporation International from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Oppenheimer increased their price target on Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. cut their price target on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Finally, UBS Group decreased their price objective on shares of Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $95.00.

Service Corporation International Company Profile

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.