Service Corporation International declares quarterly dividend of 32 cents

HOUSTON - Service Corporation International (NYSE:SCI), North America’s largest provider of deathcare products and services, with a market capitalization of $11.1 billion, announced Wednesday that its Board of Directors has approved a quarterly cash dividend of 32 cents per share of common stock. The company has maintained dividend payments for 21 consecutive years, as noted by InvestingPro.

The dividend will be payable on September 30, 2025, to shareholders of record at the close of business on September 15, 2025, according to a press release from the company. The current dividend yield stands at 1.62%, with the company having raised its dividend for 11 consecutive years.

SCI noted that while it intends to continue paying regular quarterly cash dividends for the foreseeable future, all subsequent dividends and the establishment of record and payment dates remain subject to final determination by the Board of Directors each quarter following review of the company’s financial performance.

Service Corporation International, headquartered in Houston, Texas, operates 1,485 funeral service locations and 498 cemeteries across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico as of June 30, 2025. The company serves more than 700,000 families annually through its portfolio of brands, including Dignity Memorial.

The announcement comes as part of the company’s regular quarterly dividend schedule, maintaining its commitment to returning value to shareholders.

In other recent news, Service Corp. International reported stronger-than-expected financial results for the second quarter of 2025. The company’s adjusted earnings per share reached $0.88, surpassing the consensus estimate of $0.85. Revenue also exceeded forecasts, coming in at $1.07 billion compared to the anticipated $1.05 billion. These results were bolstered by improved general agency commissions from the insurance transition in pre-need funeral services, contributing an additional $5 million net year-over-year. In light of these positive developments, Raymond James raised its price target for Service Corp. International to $90 from $85, while maintaining an Outperform rating. This upgrade reflects the firm’s confidence in the company’s financial health and growth prospects. Investors have shown increased confidence following these announcements, as indicated by the stock’s recent performance.

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