Service Corp (SCI) Declares $0.09 Quarterly Dividend; Adds $290M to Buyback Authorization

Service Corp (NYSE: SCI) declared a quarterly dividend of $0.09 per share, or $0.36 annualized.

The dividend will be payable on December 31, 2015, to stockholders of record on December 15, 2014, with an ex-dividend date of December 11, 2014.

The annual yield on the dividend is 1.7 percent.

The company also announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $290 million. When combined with approximately $10 million of authority remaining under the existing program, this represents a total of $300 million of current share repurchase authority effective today.

For a dividend history and other dividend-related data on Service Corp (SCI) click here.

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