Service Corporation International (SCI) to Issue Quarterly Dividend of $0.36 on September 30th

Service Corporation International (NYSE:SCI) declared a quarterly dividend on Wednesday, August 5th. Shareholders 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 1.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Service Corporation International has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Service Corporation International has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Service Corporation International to earn $4.59 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 Trading Up 3.2%

NYSE SCI opened at $82.25 on Friday. The company has a fifty day simple moving average of $81.91 and a two-hundred day simple moving average of $79.90. The stock has a market cap of $11.21 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.82 and a beta of 0.80. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $90.99. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 3.32.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. 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 firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. On average, analysts forecast that Service Corporation International will post 4.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group lifted their price target on Service Corporation International from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen cut Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Service Corporation International in a report on Monday, August 31st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Service Corporation International Company Profile

Service Corporation International (NYSE:SCI) is a provider of funeral, cremation and cemetery services in North America. The company operates funeral homes, cemeteries and crematoria, serving families through arrangements for traditional funerals, memorial services, cremations and related end-of-life needs.

SCI offers funeral and cemetery merchandise, burial and cremation property, memorialization products and other services. It also provides preneed arrangements, allowing customers to plan and fund funeral or cemetery services in advance.