Service Corp International Boosts Quarterly Dividend by 6% to $0.36 Per Share
Summary
Service Corporation International's Board of Directors has approved a 6% increase in its quarterly cash dividend, raising it from $0.34 to $0.36 per share.
Key Events
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Quarterly Dividend Increased
The Board of Directors declared a quarterly cash dividend of $0.36 per share, up from the previous $0.34 per share.
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6% Dividend Hike
This represents a 6% increase in the quarterly cash dividend, payable on June 30, 2026, to shareholders of record on June 15, 2026.
Analysis
This dividend increase signals the company's confidence in its financial performance and commitment to returning capital to shareholders. The 6% raise reflects a stable outlook and potentially strong cash flow generation, reinforcing investor confidence in the company's long-term value proposition. This official filing confirms the news reported earlier today.
At the time of this filing, SCI was trading at $79.03 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10.8B. The 52-week trading range was $74.14 to $88.67. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.