Service Corporation International Declares Quarterly Cash Dividend, Increases Share Buyback Authorization | Texas News
HOUSTON, Nov. 10, 2021 / PRNewswire / – Service Corporation International (NYSE: SCI), the world’s largest provider of healthcare products and services North America, today announced that its board of directors has approved a quarterly cash dividend of twenty-three hundred per common share. The quarterly cash dividend announced today is payable on December 31, 2021 to shareholders of record at the close of business on December 15, 2021. Although the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends and the establishment of registration and payment dates are subject to the final decision of the Board of administration quarterly after its review of the Company’s financial position. performance.
The Company also announced that its board of directors has increased the authorized level of common share repurchases by approximately $ 400 million. When combined with approximately $ 200 million authority remaining under the existing program, this represents a total of $ 600 million of the current share buyback authorization in force today.
Caution regarding forward-looking statements
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 under the Private Securities Litigation Reform Act of 1995. These statements may be accompanied by words such as “believe”, “estimate”, “draft” , “” To expect “,” to anticipate “or” to foresee “, which reflect the uncertainty of future events or results. These statements are based on what we believe to be reasonable assumptions; however, there are many important factors that could cause our actual results in the future to differ materially from forward-looking statements made here and in any other document or oral presentation made by or on our behalf. There can be no assurance that future dividends will be declared. The actual declaration of future dividends and the setting of record and payment dates are subject to the final decision of our board of directors each quarter after its review of our financial performance. Important factors that could cause actual results to differ materially from those of 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 requirements or a decrease in available cash; or a deterioration in our financial position or results. For more information on these and other risks and uncertainties, see our filings with the Securities and Exchange Commission, including our 2020 Annual Report on Form 10-K. Copies of this and other documents filed with the SEC can be obtained on 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 at Houston, texas, is North America leading provider of funeral, cemetery and cremation services, as well as final planning of arrangements in advance. We provide exceptional service to families in planning life celebrations and personalized memories. Our Dignity Memorial® brand serves approximately 500,000 families each year with professionalism, compassion and attention to detail. As of September 30, 2021, we owned and operated 1,453 funeral service locations and 485 cemeteries (including 298 locations combined) in 44 states, eight Canadian provinces, District of Colombia, and Porto Rico. For more information about Service Corporation International, please visit our website at www.sci-corp.com. For more information on Dignity Memorial®, please visit www.dignitymemorial.com.
For more information contact:
Investors: Debbie Young – Director / Investor Relations – (713) 525-9088
Media: Jay andrew – General Manager / Corporate Communications – (713) 525-3468
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SOURCE Service Corporation Internationale