Service Corporation International (SCI) To Go Ex-Dividend on December 15th

Service Corporation International (NYSE:SCI) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Monday, December 15th will be paid a dividend of 0.32 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th.

Service Corporation International has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Service Corporation International has a dividend payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Service Corporation International to earn $4.21 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 32.3%.

Service Corporation International Stock Performance

Service Corporation International stock traded down $0.41 during midday trading on Friday, hitting $78.88. 1,101,273 shares of the company’s stock were exchanged, compared to its average volume of 854,017. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.52 and a current ratio of 0.56. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $86.83. The firm’s 50 day simple moving average is $80.20 and its 200 day simple moving average is $79.86.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, October 29th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Service Corporation International had a net margin of 12.46% and a return on equity of 33.60%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. Equities research analysts predict that Service Corporation International will post 3.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SCI. Oppenheimer lifted their target price on Service Corporation International from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Service Corporation International in a report on Monday. Finally, UBS Group boosted their price objective on shares of Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Service Corporation 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.