Service Co. International (NYSE:SCI) Declares Dividend Increase – $0.32 Per Share

Service Co. International (NYSE:SCI) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Friday, March 14th will be given a dividend of 0.32 per share on Monday, March 31st. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31.

Service Co. International has raised its dividend payment by an average of 10.9% per year over the last three years and has raised its dividend every year for the last 14 years. Service Co. International has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Service Co. International to earn $4.22 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 28.4%.

Service Co. International Trading Down 0.2 %

Service Co. International stock traded down $0.17 during trading on Thursday, reaching $78.72. The company had a trading volume of 336,067 shares, compared to its average volume of 1,206,620. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37. The stock’s 50 day moving average price is $79.09 and its two-hundred day moving average price is $79.59. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.88 and a beta of 0.87.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, equities analysts expect that Service Co. International will post 3.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on SCI shares. Oppenheimer boosted their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Raymond James boosted their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial boosted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.