30/07/2021

Service Company International Declares Quarterly Income Dividend And Raises Share Repurchase Authorization

HOUSTON, Might 12, 2021 /PRNewswire/ — Service Company International (NYSE: SCI), the biggest provider of deathcare merchandise and expert services in North The us, currently announced that its Board of Directors has authorized a quarterly dollars dividend of twenty-one particular cents for each share of common inventory.  The quarterly income dividend announced these days is payable on June 30, 2021 to shareholders of report at the near of company on June 15, 2021.  Although the Firm intends to shell out common quarterly cash dividends for the foreseeable long term, all subsequent dividends, and the establishment of document and payment dates, are subject matter to last perseverance by the Board of Directors every quarter after its review of the Firm’s money overall performance.

The Company also introduced that its Board of Administrators has elevated the approved amount of repurchases of its popular stock by roughly $414 million.  When blended with around $86 million of authority remaining below the present program, this signifies a whole of $500 million of recent share repurchase authority effective now.

Cautionary Assertion on Forward-Looking Statements

The statements in this press launch that are not historic points are ahead-on the lookout statements.  These ahead-on the lookout statements have been produced in reliance on the “safe harbor” protections delivered beneath the Personal Securities Litigation Reform Act of 1995.  These statements might be accompanied by text these as “believe that,” “estimate,” “venture,” “expect,” “anticipate,” or “forecast,” that express the uncertainty of future functions or results.  These statements are centered on assumptions that we imagine are acceptable nevertheless, quite a few important variables could bring about our genuine success in the upcoming to vary materially from the ahead-seeking statements manufactured herein and in any other documents or oral shows created by, or on behalf of us.  There can be no assurance that long run dividends will be declared.  The actual declaration of foreseeable future dividends, and the establishment of report and payment dates, is subject to remaining determination by our Board of Directors each and every quarter immediately after its evaluate of our economical efficiency.  Significant things which could bring about actual final results to vary materially from all those in forward-seeking statements consist of, among other people, restrictions on the payment of dividends underneath present or long term credit score agreements or other financing arrangements alterations in tax legislation relating to company dividends a willpower by the Board of Directors that the declaration of a dividend is not in the best pursuits of the Business and its shareholders an enhance in our money demands or a lower in readily available money or a deterioration in our economic ailment or benefits.  For further information on these and other dangers and uncertainties, see our Securities and Exchange Commission filings, which include our 2020 Once-a-year Report on Variety 10-K.  Copies of this document as effectively as other SEC filings can be obtained from our web site at http://www.sci-corp.com.  We assume no obligation to publicly update or revise any forward-searching statements created herein or any other ahead-seeking statements manufactured by us, whether or not as a end result of new facts, foreseeable future events or or else.

About Service Corporation Global

Provider Corporation Worldwide (NYSE: SCI), headquartered in Houston, Texas, is North America’s leading company of funeral, cemetery and cremation products and services, as effectively as final-arrangement preparing in progress.  We give households exceptional services in planning life celebrations and personalized remembrances.  Our Dignity Memorial® brand name serves around 500,000 households just about every 12 months with professionalism, compassion, and consideration to element.  At March 31, 2021, SCI owned and operated 1,461 funeral homes and 484 cemeteries (of which 296 are blend operations) in 44 states, 8 Canadian provinces, the District of Columbia, and Puerto Rico. Please stop by us at www.SCI-Corp.com and www.DignityMemorial.com.

For additional facts get hold of:

Buyers: Debbie Young – Director / Trader Relations (713) 525-9088
Media: Jay Andrew – Running Director / Corporate Communications (713) 525-3468

Source Services Corporation Worldwide

Relevant Inbound links

http://www.sci-corp.com