Service Corporation International (SCI) to Distribute Quarterly Dividend of $0.36 on December 31st

by · The Markets Daily

Service Corporation International (NYSE:SCI – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.36 per share on Thursday, December 31st. This represents a $1.44 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 15th.

Service Corporation International has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 15 years. Service Corporation International has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Service Corporation International to earn $4.35 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 33.1%.

Service Corporation International Trading Down 2.3%

Shares of NYSE SCI opened at $75.44 on Friday. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.94 and a beta of 0.77. The business has a 50 day simple moving average of $79.36 and a 200 day simple moving average of $79.87. Service Corporation International has a 52 week low of $68.41 and a 52 week high of $90.99. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.36 and a current ratio of 0.40.

Service Corporation International (NYSE:SCI – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.02). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Service Corporation International had a net margin of 12.70% and a return on equity of 34.96%. Service Corporation International’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. On average, research analysts predict that Service Corporation International will post 4.00 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SCI. UBS Group cut their price target on shares of Service Corporation International from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Weiss Ratings raised shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Wall Street Zen lowered Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. JPMorgan Chase & Co. cut their target price on Service Corporation International from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Finally, Zacks Research cut Service Corporation International from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Service Corporation International has an average rating of “Moderate Buy” and an average target price of $95.67.

Read Our Latest Analysis on SCI

Service Corporation International Company Profile

(Get Free Report)

Service Corporation International (NYSE:SCI) is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.

SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.

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