logo
Plus   Neg
Share
Email

Service Corp. Increases Share Repurchase Authorization - Quick Facts

Service Corporation International (SCI) announced its Board has increased the authorized level of repurchases of its common stock by approximately $298 million. When combined with approximately $102 million of authority remaining under the existing program, this represents a total of $400 million of current share repurchase authority.

The company also announced that its Board has approved an increase in its quarterly cash dividend to seventeen cents per share of common stock. The quarterly cash dividend represents a 13.3% increase from the previously declared quarterly dividend of fifteen cents per share of common stock per quarter. The quarterly cash dividend is payable on March 30, 2018 to shareholders of record at the close of business on March 15, 2018.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Electronics retailer Best Buy Co. Inc. (BBY), Wednesday said it has agreed to buy GreatCall Inc. for $800 million in cash. GreatCall is a provider of connected health and personal emergency response services to the aging population, with more than 900,000 paying subscribers. It offers easy-to-use... Rio Tinto PLC (RIO) is reportedly seeking to divest its Canadian iron-ore business for a possible consideration worth $6 billion. According to Sky News, the Anglo-Australian mining giant has begun courting potential bidders for its $6 billion Canadian iron-ore? operations as it seeks to take advantage... Brewer Constellation Brands Inc. will invest C$5 billion, or $4 billion, in Canadian cannabis company Canopy Growth Corp. as part of an expansion of the two companies' strategic partnership, the companies said Wednesday. Canopy Growth is Canada's largest medical marijuana producer. Shares of Canopy Growth are gaining more than 27 percent in the regular trading.
Follow RTT