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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

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