Service Corporation International Boosts Share Repurchase Authorization
Summary
Service Corporation International has increased its share repurchase authorization. This action signals management's confidence in the company's valuation and its commitment to returning capital to shareholders. It follows a recent 6% dividend increase announced in early May, reinforcing a pattern of shareholder-friendly capital allocation.
At the time of this announcement, SCI was trading at $73.72 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10.2B. The 52-week trading range was $68.41 to $88.67. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.