{"id":847401,"date":"2025-05-06T11:29:43","date_gmt":"2025-05-06T15:29:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/service-corporation-international-declares-quarterly-cash-dividend-and-increases-share-repurchase-authorization-3\/"},"modified":"2025-05-06T11:29:43","modified_gmt":"2025-05-06T15:29:43","slug":"service-corporation-international-declares-quarterly-cash-dividend-and-increases-share-repurchase-authorization-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/service-corporation-international-declares-quarterly-cash-dividend-and-increases-share-repurchase-authorization-3\/","title":{"rendered":"SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n
\n HOUSTON<\/span>
\n <\/span>, May 6, 2025<\/span><\/span> \/PRNewswire\/ — Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America<\/span>, today announced that its Board of Directors has approved a quarterly cash dividend of thirty-two cents<\/span> per share of common stock.\u00a0 The quarterly cash dividend announced today is payable on June 30, 2025<\/span> to shareholders of record at the close of business on June 13<\/span>, 2025.\u00a0 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.<\/p>\n

The Company also announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $528 million<\/span>.\u00a0 When combined with approximately $72 million<\/span> of authority remaining under the existing program, this represents a total of $600 million<\/span> of current share repurchase authority effective today.<\/p>\n

\n Cautionary Statement on Forward-Looking Statements<\/b>\n <\/p>\n

The statements in this press release that are not historical facts are forward-looking statements.\u00a0 These forward-looking statements have been made in reliance on the “safe harbor” protections provided under the Private Securities Litigation Reform Act of 1995.\u00a0 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.\u00a0 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.\u00a0 There can be no assurance that future dividends will be declared.\u00a0 The actual declaration of future dividends, and the establishment of record and payment dates, is subject to final determination by our Board of Directors each quarter after its review of our financial performance.\u00a0 Important factors which could cause actual results to differ materially from those in forward-looking statements include, among others, restrictions on the payment of dividends under existing or future credit agreements or other financing arrangements; changes in tax laws relating to corporate dividends; a determination by the Board of Directors that the declaration of a dividend is not in the best interests of the Company and its shareholders; an increase in our cash needs or a decrease in available cash; or a deterioration in our financial condition or results.\u00a0 For further information on these and other risks and uncertainties, see our Securities and Exchange Commission filings, including our 2024 Annual Report on Form 10-K.\u00a0 Copies of this document as well as other SEC filings can be obtained from our website at http:\/\/www.sci-corp.com<\/a>.\u00a0 We assume\u00a0no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.<\/p>\n

\n About Service Corporation International<\/b>\n <\/p>\n

Service Corporation International (NYSE: SCI), headquartered in Houston, Texas<\/span>, is North America’s<\/span> leading provider of funeral, cemetery and cremation services, as well as final-arrangement planning in advance, serving more than 600,000 families each year.\u00a0 Our diversified portfolio of brands provides families and individuals a full range of choices to meet their needs, from simple cremations to full life celebrations and personalized remembrances.\u00a0 Our Dignity Memorial\u00ae brand is the name families turn to for professionalism, compassion, and attention to detail that is second to none.\u00a0 At March 31, 2025<\/span>, we owned and operated 1,489 funeral service locations and 496 cemeteries (of which 309 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia<\/span>, and Puerto Rico.\u00a0 For more information about Service Corporation International, please visit our website at www.sci-corp.com<\/a>.\u00a0 For more information about Dignity Memorial\u00ae, please visit www.dignitymemorial.com<\/a>.<\/p>\n

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\n For additional information contact:<\/span>\n <\/p>\n<\/td>\n

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\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
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\n Investors:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n Trey Bocage \u2013 Director \/ Investor Relations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (713) 525-3454<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Media:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n Jay Andrew \u2013 Assistant Vice President \/ Corporate Communications<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (713) 525-3468<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/service-corporation-international-declares-quarterly-cash-dividend-and-increases-share-repurchase-authorization-302447417.html<\/a><\/p>\n

SOURCE Service Corporation International<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire 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.\u00a0 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.\u00a0 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. The Company also announced … <\/p>\n

Continue reading “SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-847401","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/service-corporation-international-declares-quarterly-cash-dividend-and-increases-share-repurchase-authorization-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire 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.\u00a0 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.\u00a0 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. 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