Service Co. International (SCI) Raises Dividend to $0.17 Per Share

Service Co. International (NYSE:SCI) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.17 per share on Friday, March 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.81%. This is a boost from Service Co. International’s previous quarterly dividend of $0.15.

Service Co. International has increased its dividend by an average of 19.5% annually over the last three years and has raised its dividend every year for the last 6 years. Service Co. International has a payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Service Co. International to earn $1.66 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 36.1%.

Shares of Service Co. International (NYSE SCI) traded down $0.05 on Tuesday, hitting $37.65. The stock had a trading volume of 1,577,320 shares, compared to its average volume of 1,310,514. The firm has a market cap of $6,880.16, a P/E ratio of 19.82, a P/E/G ratio of 1.92 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66. Service Co. International has a fifty-two week low of $30.02 and a fifty-two week high of $40.28.

Several research analysts have recently commented on the company. Credit Suisse Group boosted their target price on Service Co. International from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Off Wall Street assumed coverage on Service Co. International in a report on Friday, December 15th. They issued a “sell” rating on the stock. Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a report on Saturday, October 28th. Finally, Oppenheimer reissued a “buy” rating and issued a $42.00 target price on shares of Service Co. International in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.00.

In other Service Co. International news, insider R L. Waltrip sold 84,679 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.90, for a total transaction of $3,209,334.10. Following the transaction, the insider now owns 765,762 shares of the company’s stock, valued at approximately $29,022,379.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Elisabeth G. Nash sold 47,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $35.64, for a total value of $1,675,080.00. Following the transaction, the vice president now directly owns 164,441 shares in the company, valued at approximately $5,860,677.24. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by corporate insiders.

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Service Co. International Company Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

Dividend History for Service Co. International (NYSE:SCI)

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