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SERVICE CORPORATION INTERNATIONAL ANNOUNCES 3-FOR-2 STOCK SPLIT AND DIVIDEND INCREASE

SERVICE CORPORATION INTERNATIONAL ANNOUNCES 3-FOR-2 STOCK SPLIT AND
 DIVIDEND INCREASE
 HOUSTON, May 14 /PRNewswire/ -- The board of directors of Service Corporation International (SCI) (NYSE: SRV) today approved a 3-for-2 stock split, increasing the number of SCI shares traded on the New York Stock Exchange by 50 percent. Additional stock certificates will be issued on June 30, 1992 to shareholders of record at the close of business on June 15, 1992. A cash payment will be made in lieu of fractional shares.
 SCI also announced that it will pay a quarterly dividend of $.10 per post-split share, which represents a seven percent increase over the previous dividend, payable on July 31, 1992 to shareholders of record at the close of business on July 16, 1992. In making the announcement Chairman R. L. Waltrip said, "We are extremely pleased with the way our company has been performing over the past year and as we realize the full impact of the many quality firms we were able to acquire in 1991, we are looking toward unprecedented potential for shareholders of SCI. In addition to rewarding our loyal shareholders, we want to attract new shareholders at all levels to share in our growth."
 Service Corporation International has shown continually improved revenues and operating income since the company returned to its core businesses in 1990. Earnings per share growth in the last year exceeded revenue growth by 42 percent due to cost efficiencies created by the restructuring, and tighter controls by management. The company closed its San Diego cemetery operations headquarters last year and consolidated all operations management and support in its Houston corporate headquarters.
 During an extraordinarily active acquisition year in 1991, SCI acquired 164 funeral homes and 18 cemeteries, adding over 37,000 funeral services, and approximately 4,000 interments annually and over $150 million to the company's annual revenues. Acquisitions of 12 funeral homes with an estimated 3,500 funeral services and one cemetery with 1,150 interments per year have been completed in 1992, contributing an additional $16 million in annual revenues. Growth activities of the past year expand SCI's operations to providing over 165,000 funeral services each year.
 Service Corporation International is the largest owner and operator of funeral homes and cemeteries in North America. SCI's operations include 659 funeral homes and 164 cemeteries in 515 cities, 37 states, the District of Columbia and four Canadian provinces. SCI's stock is traded on the New York Stock Exchange. The company's ticker symbol is SRV.
 -0- 5/14/92
 /CONTACT: Bill Barrett of Service Corporation International, 713-525-5497, or Steve Frankel of Burson-Marsteller, 212-614-5062, for Service Corporation International/
 (SRV) CO: Service Corporation International ST: Texas IN: SU: DIV


KD -- NY092 -- 0321 05/14/92 14:31 EDT
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Date:May 14, 1992
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