Service Co. International (NYSE:SCI) Increases Dividend to $0.32 Per Share

Service Co. International (NYSE:SCI) declared 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 annualized dividend and a yield of 1.63%. This is an increase from Service Co. International’s previous quarterly dividend of $0.31.

Service Co. International has increased its dividend by an average of 10.9% annually over the last three years and has increased 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 $4.21 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 28.5%.

Service Co. International Stock Performance

Shares of SCI opened at $78.69 on Friday. The business’s 50 day moving average is $78.93 and its two-hundred day moving average is $79.59. Service Co. International has a 52-week low of $67.19 and a 52-week high of $89.37. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.91 and a beta of 0.87. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Analysts forecast that Service Co. International will post 3.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SCI has been the subject of a number of research analyst reports. Raymond James boosted their price target on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial boosted their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Oppenheimer upped their price objective on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.