SERVICE CORPORATION INTERNATIONAL INCREASES QUARTERLY CASH DIVIDEND
Rhea-AI Summary
Service International (NYSE: SCI), North America's largest deathcare products and services provider, has announced a 6.7% increase in its quarterly cash dividend. The new dividend of thirty-two cents per share represents an increase from the previous thirty cents per share.
The dividend will be payable on March 31, 2025, to shareholders of record at the close of business on March 14, 2025. While SCI intends to maintain regular quarterly cash dividends, future payments and dates remain subject to Board approval following quarterly financial performance reviews.
Positive
- Dividend increased by 6.7% to $0.32 per share
- Company demonstrates financial strength and commitment to shareholder returns
- Regular quarterly dividend payments expected to continue
Negative
- Future dividend payments subject to Board approval and financial performance
- Company notes potential risks from changes in tax laws or increased cash needs
News Market Reaction – SCI
In the trading session that priced this news, SCI declined 0.30%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 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
For additional information contact: InvestorRelations@sci-us.com | |||
Investors: | Allie O'Connor - Assistant Vice President / Financial Reporting and Investor Relations | (713) 525-9088 | |
Trey Bocage - Director / Investor Relations | (713) 525-3454 | ||
Media: | Jay Andrew - Assistant Vice President / Corporate Communications | (713) 525-3468 | |
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SOURCE Service Corporation International