SERVICE CORPORATION INTERNATIONAL INCREASES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Service International (NYSE: SCI), North America's largest deathcare products and services provider, has announced a 6.7% increase in its quarterly cash dividend. The new dividend of thirty-two cents per share represents an increase from the previous thirty cents per share.

The dividend will be payable on March 31, 2025, to shareholders of record at the close of business on March 14, 2025. While SCI intends to maintain regular quarterly cash dividends, future payments and dates remain subject to Board approval following quarterly financial performance reviews.

Positive

• Dividend increased by 6.7% to $0.32 per share
• Company demonstrates financial strength and commitment to shareholder returns
• Regular quarterly dividend payments expected to continue

Negative

• Future dividend payments subject to Board approval and financial performance
• Company notes potential risks from changes in tax laws or increased cash needs

HOUSTON, Feb. 20, 2025 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today announced that its Board of Directors has approved an increase in its quarterly cash dividend to thirty two cents per share of common stock. This quarterly cash dividend declared today represents a 6.7% increase from the previously declared quarterly dividend of thirty cents per share of common stock per quarter. The quarterly cash dividend announced today is payable on March 31, 2025 to shareholders of record at the close of business on March 14, 2025. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends, and the establishment of record and payment dates, are subject to final determination by the Board of Directors each quarter after its review of the Company's financial performance.

Cautionary Statement on Forward-Looking Statements

The statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements have been made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995. These statements may be accompanied by words such as "believe," "estimate," "project," "expect," "anticipate," or "predict," that convey the uncertainty of future events or outcomes. These statements are based on assumptions that we believe are reasonable; however, many important factors could cause our actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of us. There can be no assurance that future dividends will be declared. The actual declaration of future dividends, and the establishment of record and payment dates, is subject to final determination by our Board of Directors each quarter after its review of our financial performance. Important factors which could cause actual results to differ materially from those in forward-looking statements include, among others, restrictions on the payment of dividends under existing or future credit agreements or other financing arrangements; changes in tax laws relating to corporate dividends; a determination by the Board of Directors that the declaration of a dividend is not in the best interests of the Company and its shareholders; an increase in our cash needs or a decrease in available cash; or a deterioration in our financial condition or results. For further information on these and other risks and uncertainties, see our Securities and Exchange Commission filings, including our 2024 Annual Report on Form 10-K. Copies of this document as well as other SEC filings can be obtained from our website at http://www.sci-corp.com. We assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

About Service Corporation International

Service Corporation International (NYSE: SCI), headquartered in Houston, Texas, is North America's leading provider of funeral, cemetery and cremation services, as well as final-arrangement planning in advance, serving approximately 700,000 families each year. Our diversified portfolio of brands provides families and individuals a full range of choices to meet their needs, from simple cremations to full life celebrations and personalized remembrances. Our Dignity Memorial® brand is the name families turn to for professionalism, compassion, and attention to detail that is second to none. At December 31, 2024, we owned and operated 1,493 funeral service locations and 496 cemeteries (of which 308 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. For more information about Service Corporation International, please visit our website at www.sci-corp.com. For more information about Dignity Memorial®, please visit www.dignitymemorial.com.

For additional information contact: InvestorRelations@sci-us.com
Investors:		Allie O'Connor - Assistant Vice President / Financial Reporting and Investor Relations	(713) 525-9088
		Trey Bocage - Director / Investor Relations	(713) 525-3454
Media:		Jay Andrew - Assistant Vice President / Corporate Communications	(713) 525-3468

 

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SOURCE Service Corporation International

FAQ

What is SCI's new quarterly dividend amount for 2025?

SCI's new quarterly dividend is $0.32 per share, representing a 6.7% increase from the previous $0.30 per share.

When will SCI pay its increased dividend in March 2025?

The dividend will be paid on March 31, 2025, to shareholders of record as of March 14, 2025.

How much did SCI increase its dividend in February 2025?

SCI increased its quarterly dividend by 6.7%, from $0.30 to $0.32 per share.

What factors could affect SCI's future dividend payments?

Future dividends depend on Board approval, financial performance, cash needs, tax law changes, and existing credit agreements or financing arrangements.