SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND
Service Corporation International (NYSE: SCI) has declared a quarterly cash dividend of 27 cents per share, payable on March 31, 2023 to shareholders on record by March 15, 2023.
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Rhea-AI Summary
Service Corporation International (NYSE: SCI) has declared a quarterly cash dividend of 27 cents per share, payable on March 31, 2023 to shareholders on record by March 15, 2023. This decision reflects the company's ongoing commitment to returning value to its investors. While SCI aims to maintain regular quarterly dividends, future dividends are subject to the Board of Directors' review of financial performance. The company operates over 1,474 funeral service locations and 490 cemeteries across North America, serving more than 600,000 families annually.
Positive
- Quarterly cash dividend of 27 cents per share reflects commitment to investors.
- Company serves over 600,000 families annually, indicating strong demand.
- Operates 1,474 funeral service locations and 490 cemeteries, highlighting expansive operations.
Negative
- Future dividends are not guaranteed and depend on the Board's review.
- Potential risks impacting dividend payment include cash needs and deteriorating financial condition.
Details
News Market Reaction – SCI
The recorded move for SCI in the trading session of this news was +2.20%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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View original content:https://www.prnewswire.com/news-releases/service-corporation-international-declares-quarterly-cash-dividend-301749270.html
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