Exhibit 99.2
SERVICE CORPORATION INTERNATIONAL ANNOUNCES QUARTERLY CASH DIVIDEND
HOUSTON, May 10 /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 two and one-half cents per share of common stock. The quarterly cash
dividend is payable on July 31, 2006 to shareholders of record at the close of
business on July 14, 2006. 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 2005 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.
Service Corporation International, headquartered in Houston, Texas, is the
leading provider of funeral and cemetery services in the world. We have an
extensive network of businesses including 1,053 funeral service locations and
354 cemeteries in North America as of March 31, 2006.
For more information about Service Corporation International, please visit
our website at http://www.sci-corp.com .
For additional information contact:
Investors: Debbie Young - Director / Investor Relations
(713) 525-9088
Media: Greg Bolton - Director / Corporate Communications
(713) 525-5235
SOURCE Service Corporation International
-0- 05/10/2006
/CONTACT: investors, Debbie Young, Director of Investor Relations,
+1-713-525-9088, or media, Greg Bolton, Director of Corporate Communications,
+1-713-525-5235, both of Service Corporation International/
/FCMN Contact: Sandy.Bobo@sci-us.com /
/Web site: http://www.sci-corp.com /