FOR IMMEDIATE RELEASE:
SERVICE CORPORATION INTERNATIONAL
DECLARES QUARTERLY CASH DIVIDEND
HOUSTON, Texas, February 11, 2009 . . . 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 April 30, 2009 to shareholders of record at the close of
business on April 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 2007 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.
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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
December 31, 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
http://www.sci-corp.com. For more information about Dignity Memorial(R), 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
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