Service Corporation International Increases Quarterly Cash Dividend From $0.29 To $0.30 Per Share
Portfolio Pulse from Benzinga Newsdesk
Service Corporation International (NYSE:SCI), North America's largest deathcare service provider, has increased its quarterly cash dividend from $0.29 to $0.30 per share, a 3.4% rise. The new dividend is payable on March 28, 2024, to shareholders of record as of March 15, 2024. The company aims to continue paying regular quarterly dividends, subject to Board approval each quarter based on financial performance.
February 15, 2024 | 4:45 pm
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Service Corporation International has raised its quarterly dividend to $0.30 per share, marking a 3.4% increase. This decision reflects the company's financial health and commitment to shareholder returns.
Increasing dividends is generally viewed positively by the market as it signals a company's good financial health and confidence in future earnings. For SCI, this increase, although modest, may attract income-focused investors and potentially support the stock price in the short term.
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