Service Corporation International Declares Quarterly Cash Dividend
August 13 2009 - 3:52PM
PR Newswire (US)
HOUSTON, Aug. 13 /PRNewswire-FirstCall/ -- Service Corporation
International (NYSE:SCI), which owns and operates funeral service
locations and cemeteries, today 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 October 30, 2009 to shareholders of record at the
close of business on October 15, 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 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 actual results to differ materially from
those in forward-looking statements 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 2008 Annual Report on
Form 10-K. Copies of this document as well as other SEC filings can
be obtained from our website at http://www.sci-corp.com/. 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 June 30, 2009, we owned and operated 1,264 funeral
homes and 365 cemeteries (of which 207 are combination locations)
in 43 states, eight Canadian provinces, the District of Columbia
and Puerto Rico. Through our businesses, we market the Dignity
Memorial 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 http://www.sci-corp.com/. For more information about
Dignity Memorial , please visit http://www.dignitymemorial.com/.
For additional information contact: Investors: Debbie Young -
Director / Investor Relations (713) 525-9088 Media: Lisa Marshall -
Managing Director / Corporate Communications (713) 525-3066
DATASOURCE: Service Corporation International CONTACT: investors,
Debbie Young, Director / Investor Relations, +1-713-525-9088, or
media, Lisa Marshall, Managing Director / Corporate Communications,
+1-713-525-3066, both of Service Corporation International Web
Site: http://www.sci-corp.com/
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