Service Co. International (NYSE:SCI) Increases Dividend to $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 paid a dividend of 0.32 per share on Monday, March 31st. This represents a $1.28 annualized dividend and a dividend 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% annually 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. Equities research 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 Price Performance

Shares of NYSE SCI traded down $0.17 during midday trading on Thursday, hitting $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 quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The business has a 50-day simple moving average of $79.09 and a two-hundred day simple moving average of $79.59. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87.

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

Wall Street Analyst Weigh In

SCI has been the subject of a number of research reports. Truist Financial lifted 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. Oppenheimer lifted 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. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Raymond James lifted 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Company Profile

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.