Service Corporation International Increases Share Repurchase Authorization to $200 Million and Declares Quarterly Cash Dividend

Service Corporation International Increases Share Repurchase Authorization to
              $200 Million and Declares Quarterly Cash Dividend

PR Newswire

HOUSTON, Nov. 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 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. For further information on these and other
risks and uncertainties, see our Securities and Exchange Commission filings,
including our 2011 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 September30, 2012, we owned and operated 1,429 funeral homes
and 374 cemeteries (of which 215 are combination locations) in 43 states,
eight Canadian provinces and the District of Columbia. 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 For more information about Dignity Memorial®,
please visit

For additional information contact:
Investors: Debbie Young – Director / Investor Relations       (713) 525-9088
Media: Lisa Marshall – Managing Director / Corporate           (713) 525-3066

SOURCE Service Corporation International

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