SERVICE CORPORATION INTERNATIONAL INCREASES QUARTERLY CASH DIVIDEND
Rhea-AI Summary
Service Corporation International (NYSE: SCI) announced a quarterly cash dividend increase to $0.36 per share, a 6% rise from the prior quarterly dividend of $0.34 per share. The dividend is payable June 30, 2026 to shareholders of record at the close of business on June 15, 2026.
The company said it intends to continue regular quarterly dividends for the foreseeable future, but each future dividend, record date, and payment date remains subject to final Board determination after quarterly financial review.
AI-generated analysis. Not financial advice.
Positive
- Dividend raised to $0.36 per share quarterly
- 6% increase from prior quarterly dividend of $0.34
- Payable on June 30, 2026 to holders of record on June 15, 2026
- Company stated intent to continue regular quarterly dividends for the foreseeable future
Negative
- No guaranteed future dividends; each payment is subject to Board approval each quarter
- Press release gives no change to guidance or financial metrics that quantify sustainability of the dividend
News Market Reaction – SCI
On the day this news was published, SCI declined 1.32%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 2025 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
For additional information contact: InvestorRelations@sci-us.com | |||
Investors: | Trey Bocage – Assistant Vice President / Investor Relations | (713) 525-3454 | |
Andrea Low – Director / Investor Relations | (713) 525-2811 | ||
Media: | Jay Andrew – Assistant Vice President / Corporate Communications | (713) 525-3468 | |
View original content:https://www.prnewswire.com/news-releases/service-corporation-international-increases-quarterly-cash-dividend-302764354.html
SOURCE Service Corporation International