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Service Corporation International Increases Share Repurchase Authorization to $200 Million and Declares Quarterly Cash Dividend
Date:11/14/2012

HOUSTON, Nov. 14, 2012 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $155 million.  When combined with approximately $45 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 six cents per share of common stock.  The quarterly cash dividend announced today is payable on December 31, 2012 to shareholders of record at the close of business on December 14, 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.

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 b
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SOURCE Service Corporation International
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