Service Corporation International (SCI) To Go Ex-Dividend on June 15th

Service Corporation International (NYSE:SCI) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.36 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 15th. This is a 5.9% increase from Service Corporation International’s previous quarterly dividend of $0.34.

Service Corporation International has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 15 years. Service Corporation International has a payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Service Corporation International to earn $4.56 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 29.8%.

Service Corporation International Stock Performance

Shares of SCI stock opened at $78.64 on Friday. The stock has a market cap of $10.85 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.76 and a beta of 0.88. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.57 and a quick ratio of 0.52. The company has a fifty day moving average price of $81.80 and a two-hundred day moving average price of $80.65. Service Corporation International has a one year low of $74.31 and a one year high of $88.67.

Service Corporation International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The firm had revenue of $544.80 million during the quarter, compared to analyst estimates of $1.09 billion. Service Corporation International had a net margin of 12.36% and a return on equity of 34.30%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. As a group, equities analysts predict that Service Corporation International will post 4.14 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on SCI. Wall Street Zen cut shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. JPMorgan Chase & Co. cut their target price on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Oppenheimer raised their target price on shares of Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, April 2nd. Finally, UBS Group cut their target price on shares of Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $95.00.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.