Navigation Links
Service Corporation International Increases Share Repurchase Authorization to $150 Million and Declares Quarterly Cash Dividend

HOUSTON, Nov. 12 /PRNewswire-FirstCall/ -- Service Corporation International (NYSE: SCI), which owns and operates funeral service locations and cemeteries, today announced that its Board of Directors has increased the authorized level for repurchases of its common stock by approximately $120 million. When combined with approximately $30 million of authority remaining at the end of today under the existing program, this represents a total of $150 million of current share repurchase authority effective November 13, 2008.

The Company also announced that its Board of Directors has approved a quarterly cash dividend of four cents per share of common stock. The quarterly cash dividend announced today is payable on January 30, 2009 to shareholders of record at the close of business on January 16, 2009. 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.

Cautionary Statement on Forward-Looking Statements

The statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements have been made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995. These statements may be accompanied by words such as "believe," "estimate," "project," "expect," "anticipate," or "predict," that convey the uncertainty of future events or outcomes. These statements are based on assumptions that we believe are reasonable; however, many important factors could cause our actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of us.

There can be no assurance that we will buy any of our common stock under our share repurchase programs. Important factors that could cause us to discontinue our share repurchases include, among others, unfavorable market conditions, the market price of our common stock, the nature of other investment opportunities presented to us from time to time, and the availability of funds necessary to continue purchasing common stock.

There can be no assurance that future dividends will be declared. The actual declaration of future dividends, and the establishment of record and payment dates, is subject to final determination by our Board of Directors each quarter after its review of our financial performance. Important factors which could cause the Board of Directors to determine not to declare further dividends include, among others, restrictions on the payment of dividends under existing or future credit agreements or other financing arrangements; changes in tax laws relating to corporate dividends; a determination by the Board of Directors that the declaration of a dividend is not in the best interests of the Company and its shareholders; an increase in our cash needs or a decrease in available cash; or a deterioration in our financial condition or results.

For further information on these and other risks and uncertainties, see our Securities and Exchange Commission filings, including our 2007 Annual Report on Form 10-K. Copies of this document as well as other SEC filings can be obtained from our website at We assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

About Service Corporation International

Service Corporation International (NYSE: SCI), headquartered in Houston, Texas, is North America's leading provider of deathcare products and services. At September 30, 2008, we owned and operated more than 1,300 funeral homes and 350 cemeteries (of which over 200 are combination locations) in 43 states, eight Canadian provinces, the District of Columbia and Puerto Rico. Through our businesses, we market the Dignity Memorial(R) brand which offers assurance of quality, value, caring service, and exceptional customer satisfaction. For more information about Service Corporation International, please visit our website at For more information about Dignity Memorial(R), please visit

For additional information contact:

Investors: Debbie Young - Director / Investor Relations

(713) 525-9088

Media: Lisa Marshall - Managing Director / Corporate Communications

(713) 525-3066

SOURCE Service Corporation International
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Nyer Medical Group, Inc. Announces Pharmacy Service Agreement with East Boston Neighborhood Health Center
2. SwiftMD to Provide Telemedicine Services to New Montana Development
3. Pantheon China Acquisition Corp. to Acquire China Cord Blood Services Corporation - Extension Proxy Filed With SEC
4. Watts Powerhouse Church Receives a Facelift Through the Volunteers of Pacific Dental Services(R)
5. Innovative New Program Offers Free Online Services to Urologists
6. Independence Blue Cross Celebrates 70 Years Of Service In Southeastern Pennsylvania
7. A New Meaning of Thanksgiving: Miracles for Many, Prayers for All as Healing Services Come to San Francisco
8. Prime Companies Announces Launch of Consumer Dental Service Software
9. The Beryl Institute Announces Call for Speakers for 2009 Conference Dedicated to Healthcare Customer Service: The Pursuit of Excellence
10. Irvine Pharmaceutical Services Introduces New Fill-and-Finish Subsidiary
11. Holiday Mail for Heroes to Deliver One Million Cards to Service Members and Families
Post Your Comments:
(Date:11/24/2015)... ... November 24, 2015 , ... Serenity Point Rehabilitation, a holistic treatment ... video interviews with some of the staff members at their recovery center. The videos ... as well as some of the things that make their recovery program so unique. ...
(Date:11/24/2015)... ... November 24, 2015 , ... Abington Hospital – Jefferson Health ... Quality® Bariatric Surgery Facility for treating individuals living with morbid or extreme obesity. ... available to its members to help them make informed decisions about their healthcare ...
(Date:11/24/2015)... ... November 24, 2015 , ... American Specialty Health Fitness, ... have announced their endorsement of the Medical Fitness Network (MFN), a national health ... have the MFN as one of our endorsed organizations,” said ASH Fitness Vice ...
(Date:11/24/2015)... , ... November 24, 2015 , ... ... of patented products, announces Innovative Blending, a household invention that revolutionizes the vending ... Juice & Smoothie Bars market is worth $2 billion," says Scott Cooper, CEO ...
(Date:11/24/2015)... ... November 24, 2015 , ... Dehydration, defined as a loss ... to perspiration in the hot sun, and heat stroke and death will quickly follow. ... radio host Sharon Kleyne. Every cell, system and structure requires water to function properly. ...
Breaking Medicine News(10 mins):
(Date:11/24/2015)... Inc., an industry leader in LCD screen protection and glare-elimination technology, is providing a vital solution ... patient monitoring or electronic documentation system. Photo - ... ... ... A study in 2013 by the National Institutes of ...
(Date:11/24/2015)... 24, 2015 Abaxis, Inc. (NasdaqGS: ABAX ... consumables for the medical, research, and veterinary markets worldwide, ... Officer, will present at the 27 th Annual ... at 11:30 a.m. ET. The conference will be held ... New York City . Abaxis, Inc. ...
(Date:11/24/2015)... SCHAUMBURG, Ill. , Nov. 24, 2015  Wellness Center ... (PSI) November shipments of its flagship product, Psoria-Light® (PL 1000), to targeted ... , Houston, Minnesota , and North Carolina ... , Cleveland , Chicago , and ... --> --> Revenue for the earlier shipments reported on ...
Breaking Medicine Technology: