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

Service Corporation International (NYSE:SCI) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.36 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Service Corporation International has increased its dividend payment by an average of 0.1%per year 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 34.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Service Corporation International to earn $4.58 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 31.4%.

Service Corporation International Stock Performance

SCI stock opened at $85.31 on Thursday. The firm has a market cap of $11.63 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.81. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 3.32. The stock has a 50-day moving average price of $77.06 and a 200-day moving average price of $79.63. Service Corporation International has a 1-year low of $68.41 and a 1-year high of $90.99.

Service Corporation International (NYSE:SCI) last issued its earnings results on Wednesday, July 29th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company posted $0.88 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, equities research analysts expect that Service Corporation International will post 4.2 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas L. Ryan sold 253,391 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the completion of the sale, the chief executive officer directly owned 1,006,212 shares of the company’s stock, valued at $85,779,573. The trade was a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Service Corporation International

A number of hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC raised its stake in Service Corporation International by 35.7% during the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $50,000 after purchasing an additional 161 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in Service Corporation International by 4.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,872 shares of the company’s stock worth $402,000 after purchasing an additional 210 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Service Corporation International by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company’s stock worth $3,622,000 after purchasing an additional 270 shares during the period. Focus Partners Wealth grew its holdings in Service Corporation International by 3.1% during the 1st quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after buying an additional 321 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Service Corporation International during the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

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.