Service Corp. Keeps Dividend Steady

Shareholder payouts continue to be alive and well at Service Corp. (NYSE: SCI  ) . The company has declared a quarterly common stock dividend of $0.07 per share, to be dispensed on Sept. 30 to shareholders of record as of Sept. 13. That amount matches the company's previous distribution, which was paid in late June. Before that, Service Corp. paid $0.01 less, or $0.06 per share.

The firm has been a reliable dividend payer since relaunching payouts in 2005 after a more than five-year hiatus. Since that time, its distribution has climbed steadily from $0.025 per share to the present level.

The just-declared dividend annualizes to $0.28 per share. That yields 1.5% at Service Corp.'s most recent closing stock price of $19.10.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2596028, ~/Articles/ArticleHandler.aspx, 4/17/2014 7:07:55 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement