SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Service International (NYSE: SCI), North America's largest deathcare products and services provider, has announced a quarterly cash dividend of $0.30 per share of common stock. The dividend will be paid on September 30, 2024 to shareholders of record as of September 13, 2024. While SCI intends to continue regular quarterly dividends, future payments are subject to the Board of Directors' final determination after reviewing the company's financial performance. This announcement demonstrates SCI's commitment to providing shareholder value and maintaining a consistent dividend policy.

Positive

• Consistent quarterly dividend payment of $0.30 per share
• Commitment to maintaining regular dividend payments
• Board's confidence in the company's financial performance

Negative

• None.

HOUSTON, Aug. 7, 2024 /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 cents per share of common stock.  The quarterly cash dividend announced today is payable on September 30, 2024 to shareholders of record at the close of business on September 13, 2024.  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.

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 2023 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 June 30, 2024, we owned and operated 1,490 funeral service locations and 492 cemeteries (of which 306 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:		Allie O'Connor – Assistant Vice President / Investor Relations				(713) 525-9156
		Trey Bocage – Director / Investor Relations				(713) 525-3454
Media:	Jay Andrew – Managing Director / Corporate Communications						(713) 525-3468

 

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SOURCE Service Corporation International

FAQ

What is the amount of SCI's quarterly dividend for September 2024?

Service International (SCI) has declared a quarterly cash dividend of $0.30 per share of common stock for September 2024.

When will SCI pay its next quarterly dividend?

SCI will pay its next quarterly dividend on September 30, 2024 to shareholders of record as of September 13, 2024.

How often does Service International (SCI) pay dividends?

SCI pays dividends quarterly and intends to continue this practice for the foreseeable future, subject to Board approval.

Are SCI's future dividend payments guaranteed?

No, future dividend payments are not guaranteed. They are subject to final determination by SCI's Board of Directors after reviewing the company's financial performance each quarter.