Service Co. International (SCI) To Go Ex-Dividend on March 14th

Service Co. International (NYSE:SCI) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.31.

Service Co. International has increased its dividend by an average of 10.9% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Service Co. International has a payout ratio of 28.3% 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 Up 0.4 %

Service Co. International stock opened at $78.97 on Friday. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. The firm’s fifty day moving average price is $78.80 and its two-hundred day moving average price is $79.64. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, equities research analysts predict that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

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