Service Corporation International Increases Quarterly Cash Dividend, Payable on March 28, 2024
February 15, 2024 at 11:43 am EST
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Service Corporation International announced that its Board of Directors has approved an increase in its quarterly cash dividend to thirty cents per share of common stock. This quarterly cash dividend declared represents a 3.4% increase from the previously declared quarterly dividend of twenty-nine cents per share of common stock per quarter. The quarterly cash dividend announced is payable on March 28, 2024 to shareholders of record at the close of business on March 15, 2024.
Service Corporation International is a provider of funeral, cemetery and cremation services, as well as final arrangement planning in advance. The Company's diversified portfolio of brands provides families and individuals a range of choices to meet their needs, from simple cremations to full life celebrations and personalized remembrances. Its Dignity Memorial brand is a transcontinental brand of deathcare products and services. It owns and operates 1,483 funeral service locations and 489 cemeteries (of which 305 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. Its funeral service and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other related businesses. Its cemeteries provide cemetery property interment rights, including developed lots, lawn crypts, mausoleum spaces, niches, and other cremation memorialization and interment options.