SCI - Service raises dividend by 9.5% and increases buyback authorization

Service (NYSE:SCI) declares $0.23/share quarterly dividend, 9.5% increase from prior dividend of $0.21. Forward yield 1.38% Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14. The company has increased the authorized level of repurchases of its common stock by approximately $400M. With approximately $200M remaining under the existing program, this represents a total of $600M of current share repurchase authority. See SCI Dividend Scorecard, Yield Chart, & Dividend Growth.

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Service raises dividend by 9.5% and increases buyback authorization