Service Corporation International Increases Share Repurchase Authorization to $200 Million and Declares Quarterly Cash Dividend of $0.05/Share


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Service Corporation International (NYSE: SCI), today announced that its Board of Directors has increased theauthorized level of repurchases of its common stock by approximately $120million.  When combined with approximately $80 million of authority remainingunder the existing program, this represents a total of $200 million of currentshare repurchase authority effective today.The Company also announced that its Board of Directors has approved aquarterly cash dividend of five cents per share of common stock.  Thequarterly cash dividend announced today is payable on April 30, 2012 toshareholders of record at the close of business on April 13, 2012.  While theCompany intends to pay regular quarterly cash dividends for the foreseeablefuture, all subsequent dividends, and the establishment of record and paymentdates, are subject to final determination by the Board of Directors eachquarter after its review of the Company's financial performance.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsDividendsBuybacks