Service Corp (SCI) Raises Quarterly Dividend 20% to $0.12; Raises Common Buyback Plan to $400M

Service Corp (NYSE: SCI) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 20% increase from the prior dividend of $0.10.

The dividend will be payable on September 30, 2015, to stockholders of record on September 15, 2015, with an ex-dividend date of September 11, 2015.

The annual yield on the dividend is 1.6 percent.

SCI also announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $385 million. When combined with approximately $15 million of authority remaining under the existing program, this represents a total of $400 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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