U.S. Markets open in 49 mins.

Service Corp. increases quarterly dividend

HOUSTON (AP) -- Service Corp. International said Wednesday that it is increasing its quarterly dividend to 7 cents per share.

The dividend is payable June 28 to shareholders of record on June 14. That is up from its most recent dividend of 6 cents per share.

Service Corp. International, based in Houston, operates 1,437 funeral homes and 374 cemeteries in North America.

Its shares rose 10 cents to close at $16.86.