The funerary services provider currently maintains a market capitalization of $10.2 billion, supported by 138.15 million outstanding shares. With a public float of 135.16 million shares, the increased authorization represents a significant portion of the company's equity value. Following the announcement, the stock remained steady, closing Thursday's trading session at $73.72 per share.
In section Market Quotes
Service Corp. International Boosts Share Buyback Program
Service Corp. International is signaling renewed confidence in its financial position, as the board of directors authorized an additional $472 million for share repurchases. This expansion brings the company’s total remaining buyback capacity to $600 million, effectively scaling up the capital return program for its investors.
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