StockNews.AI
SCI
StockNews.AI
105 days

SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION

1. SCI declares a $0.32 quarterly cash dividend payable on June 30, 2025. 2. Board increases stock repurchase authority to $600 million. 3. Future dividends depend on quarterly board reviews of financial performance. 4. The company serves over 600,000 families annually across North America. 5. Forward-looking statements recognize uncertainties in future financial outcomes.

Shares Buyback
+0.12%Current Return
VS
-0.03%S&P 500
$75.9805/06 11:31 AM EDTEvent Start
$76.0705/07 05:42 PM EDTLatest Updated
7m saved
Insight
Article

FAQ

Why Bullish?

The approval of increased dividends and stock buyback programs usually indicates strong confidence in future earnings, historically driving positive stock price movement for SCI and similar companies.

How important is it?

The announcement reflects strong financial health and confidence in maintaining dividends, enhancing investor appeal. Such motives typically encourage investment and have minimal risk, affecting SCI’s stock positively.

Why Short Term?

The immediate announcement of dividends and share repurchase authority is likely to boost investor sentiment and share price in the short term.

Related Companies

FDXCMSCNA
, /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today announced that its Board of Directors has approved a quarterly cash dividend of thirty-two cents per share of common stock.  The quarterly cash dividend announced today is payable on June 30, 2025 to shareholders of record at the close of business on June 13, 2025.  While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends, and the establishment of record and payment dates, are subject to final determination by the Board of Directors each quarter after its review of the Company's financial performance. The Company also announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $528 million.  When combined with approximately $72 million of authority remaining under the existing program, this represents a total of $600 million of current share repurchase authority effective today. Cautionary Statement on Forward-Looking Statements The statements in this press release that are not historical facts are forward-looking statements.  These forward-looking statements have been made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995.  These statements may be accompanied by words such as "believe," "estimate," "project," "expect," "anticipate," or "predict," that convey the uncertainty of future events or outcomes.  These statements are based on assumptions that we believe are reasonable; however, many important factors could cause our actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of us.  There can be no assurance that future dividends will be declared.  The actual declaration of future dividends, and the establishment of record and payment dates, is subject to final determination by our Board of Directors each quarter after its review of our financial performance.  Important factors which could cause actual results to differ materially from those in forward-looking statements include, among others, restrictions on the payment of dividends under existing or future credit agreements or other financing arrangements; changes in tax laws relating to corporate dividends; a determination by the Board of Directors that the declaration of a dividend is not in the best interests of the Company and its shareholders; an increase in our cash needs or a decrease in available cash; or a deterioration in our financial condition or results.  For further information on these and other risks and uncertainties, see our Securities and Exchange Commission filings, including our 2024 Annual Report on Form 10-K.  Copies of this document as well as other SEC filings can be obtained from our website at http://www.sci-corp.com.  We assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise. About Service Corporation International Service Corporation International (NYSE: SCI), headquartered in Houston, Texas, is North America's leading provider of funeral, cemetery and cremation services, as well as final-arrangement planning in advance, serving more than 600,000 families each year.  Our diversified portfolio of brands provides families and individuals a full range of choices to meet their needs, from simple cremations to full life celebrations and personalized remembrances.  Our Dignity Memorial® brand is the name families turn to for professionalism, compassion, and attention to detail that is second to none.  At March 31, 2025, we owned and operated 1,489 funeral service locations and 496 cemeteries (of which 309 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.  For more information about Service Corporation International, please visit our website at www.sci-corp.com.  For more information about Dignity Memorial®, please visit www.dignitymemorial.com. For additional information contact: Investors: Trey Bocage – Director / Investor Relations (713) 525-3454 Media: Jay Andrew – Assistant Vice President / Corporate Communications (713) 525-3468 SOURCE Service Corporation International WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News