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Service Corporation International
SCI, today announced that its Board of Directors has increased the
authorized level of repurchases of its common stock by approximately $120
million. When combined with approximately $80 million of authority remaining
under the existing program, this represents a total of $200 million of current
share repurchase authority effective today.
The Company also announced that its Board of Directors has approved a
quarterly cash dividend of five cents per share of common stock. The
quarterly cash dividend announced today is payable on April 30, 2012 to
shareholders of record at the close of business on April 13, 2012. 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.
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