What's Going On With Service Corp Shares Today

by Shivani Kumaresan, Benzinga Staff Writer

May 4, 2022 3:27 PM | 1 min read |

Service Corporation International SCI Board of Directors has increased the authorized level of repurchases of its common stock by about $394 million.
Combined with about $206 million of authority remaining under the existing program, the hike represents $600 million of current share repurchase authority.
The board has also announced a quarterly cash dividend of $0.25 per share payable on June 30, 2022, to shareholders of record at the close of business on June 15, 2022.
The company held $300.6 million in cash and equivalents as of March 31, 2022.
Price Action: SCI shares are trading higher by 10.3% at $71.01 on the last check Wednesday.