Business
SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION
Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today announced that its Board of Directors has approved a quarterly cash dividend of thirty-two cents per share of common stock. The quarterly cash dividend announced today is payable on June 30, 2025 to shareholders of record at the close of business on June 13, 2025. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent
About this update from Service Corporation International
[{"type":"text","content":"HOUSTON, May 6, 2025 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today announced that its Board of Directors has approved a quarterly cash dividend of thirty-two cents per share of common stock. The quarterly cash dividend announced today is payable on June 30, 2025 to shareholders of record at the close of business on June 13, 2025. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends, and the establishment of record and payment dates, are subject to final determination by the Board of Directors each quarter after its review of the Company's financial performance.","length":746,"tagName":"p"},{"type":"text","content":"The Company also announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $528 million. When combined with approximately $72 million of authority remaining under the existing program, this represents a total of $600 million of current share repurchase authority effective today.","length":352,"tagName":"p"},{"type":"text","content":"Cautionary Statement on Forward-Looking Statements","length":50,"tagName":"p"},{"type":"text","content":"The statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements have been made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995. These statements may be accompanied by words such as "believe," "estimate," "project," "expect," "anticipate," or "predict," that convey the uncertainty of future events or outcomes. These statements are based on assumptions that we believe are reasonable; however, many important factors could cause our actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of us. There can be no assurance that future dividends will be declared. The actual declaration of future dividends, and the establishment of record and payment dates, is subject to final determination by our Board of Di...