HOUSTON, May 2, 2023
/PRNewswire/ -- Service Corporation International (NYSE: SCI), the
largest provider of deathcare products and services in North America, today announced that its Board
of Directors has approved a quarterly cash dividend of twenty-seven cents per share of common stock. The
quarterly cash dividend announced today is payable on June 30, 2023 to shareholders of record at the
close of business on June 15, 2023.
While the Company intends to pay regular quarterly cash dividends
for the foreseeable future, all subsequent dividends, and the
establishment of record and payment dates, are subject to final
determination by the Board of Directors each quarter after its
review of the Company's financial performance.
Cautionary Statement on Forward-Looking Statements
The
statements in this press release that are not historical facts are
forward-looking statements. These forward-looking statements have
been made in reliance on the "safe harbor" protections provided
under the Private Securities Litigation Reform Act of 1995. These
statements may be accompanied by words such as "believe,"
"estimate," "project," "expect," "anticipate," or "predict," that
convey the uncertainty of future events or outcomes. These
statements are based on assumptions that we believe are reasonable;
however, many important factors could cause our actual results in
the future to differ materially from the forward-looking statements
made herein and in any other documents or oral presentations made
by, or on behalf of us. There can be no assurance that future
dividends will be declared. The actual declaration of future
dividends, and the establishment of record and payment dates, is
subject to final determination by our Board of Directors each
quarter after its review of our financial performance. Important
factors which could cause actual results to differ materially from
those in forward-looking statements include, among others,
restrictions on the payment of dividends under existing or future
credit agreements or other financing arrangements; changes in tax
laws relating to corporate dividends; a determination by the Board
of Directors that the declaration of a dividend is not in the best
interests of the Company and its shareholders; an increase in our
cash needs or a decrease in available cash; or a deterioration in
our financial condition or results. For further information on
these and other risks and uncertainties, see our Securities and
Exchange Commission filings, including our 2022 Annual Report on
Form 10-K. Copies of this document as well as other SEC filings can
be obtained from our website at http://www.sci-corp.com. We assume
no obligation to publicly update or revise any forward-looking
statements made herein or any other forward-looking statements made
by us, whether as a result of new information, future events or
otherwise.
About Service Corporation International
Service Corporation International (NYSE: SCI), headquartered in
Houston, Texas, is North America's leading provider of funeral,
cemetery and cremation services, as well as final-arrangement
planning in advance, serving more than 600,000 families each year.
Our diversified portfolio of brands provides families and
individuals a full range of choices to meet their needs, from
simple cremations to full life celebrations and personalized
remembrances. Our Dignity Memorial® brand is the name families turn
to for professionalism, compassion, and attention to detail that is
second to none. At March 31,
2023, we owned and operated 1,480 funeral service locations
and 490 cemeteries (of which 303 are combination locations) in 44
states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
For more information about Service Corporation International,
please visit our website at www.sci-corp.com. For more information
about Dignity Memorial®, please visit www.dignitymemorial.com.
For additional
information contact:
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|
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Investors:
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Debbie Young - Director
/ Investor Relations
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(713)
525-9088
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Media:
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Jay Andrew - Managing
Director / Corporate Communications
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(713)
525-3468
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SOURCE Service Corporation International