Service Co. International (NYSE:SCI) to Issue Quarterly Dividend of $0.52

Service Co. International (NYSE:SCI – Get Rating) declared a quarterly dividend on Wednesday, May 4th, RTT News reports. Stockholders of record on Wednesday, June 15th will be paid a dividend of 0.52 per share on Thursday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 2.90%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.25.

Service Co. International has increased its dividend by an average of 9.0% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Service Co. International has a dividend payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Service Co. International to earn $3.28 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 30.5%.

SCI stock opened at $71.71 on Thursday. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 2.50 and a beta of 0.73. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.61 and a quick ratio of 0.57. Service Co. International has a 1-year low of $51.51 and a 1-year high of $72.07. The business has a 50 day simple moving average of $65.74 and a two-hundred day simple moving average of $65.65.

Service Co. International (NYSE:SCI – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.35. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1 billion. Service Co. International had a net margin of 19.38% and a return on equity of 40.83%. Service Co. International’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS. Sell-side analysts anticipate that Service Co. International will post 3 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Credit Suisse Group raised their price target on Service Co. International from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, February 16th. Oppenheimer reduced their price target on shares of Service Co. International from $75.00 to $64.00 in a research report on Wednesday, February 16th. Zacks Investment Research lowered shares of Service Co. International from a “strong-buy” rating to a “hold” rating and set a $74.00 price objective for the company. in a research report on Tuesday, April 19th. Finally, StockNews.com began coverage on shares of Service Co. International in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Service Co. International currently has a consensus rating of “Buy” and a consensus price target of $73.50.

Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its stake in Service Co. International by 30.4% during the fourth quarter. LPL Financial LLC now owns 55,076 shares of the company’s stock worth $3,910,000 after buying an additional 12,825 shares during the period. Metropolitan Life Insurance Co NY lifted its holdings in shares of Service Co. International by 7.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 29,418 shares of the company’s stock worth $2,088,000 after acquiring an additional 2,154 shares during the last quarter. Vident Investment Advisory LLC boosted its stake in shares of Service Co. International by 7.4% during the 4th quarter. Vident Investment Advisory LLC now owns 19,987 shares of the company’s stock worth $1,419,000 after purchasing an additional 1,376 shares during the period. Kingsview Wealth Management LLC bought a new position in Service Co. International during the 4th quarter valued at about $1,183,000. Finally, NewEdge Advisors LLC purchased a new stake in Service Co. International in the 4th quarter worth about $1,051,000. Institutional investors own 84.03% of the company’s stock.

Service Co. International Company Profile (Get Rating)

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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