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Service Corporation International Declares Quarterly Cash Dividend

HOUSTON, May 14 /PRNewswire/ -- The board of directors of Service Corporation International (NYSE: SRV) (SCI) today declared a regular cash dividend of 9 cents per share of common stock of the company.

R. L. Waltrip, chairman of the board and chief executive officer, said that the cash dividend is payable July 31, 1998, to shareholders of record at the close of business on July 15, 1998.

As of March 31, 1998, SCI operated 3,166 funeral service locations, 398 cemeteries and 166 crematoria. SCI provides funeral and cemetery services in 18 countries on five continents. SCI's stock is traded on the New York Stock Exchange. The company's ticker symbol is SRV.
SOURCE Service Corporation International
Web site: http: //www.sci-corp.com
Company News On-Call: http: //www.prnewswire.com or fax, 800-758-5804, ext. 104532
CONTACT: George R. Champagne, Senior Vice President and Chief Financial Officer of Service Corporation International, 713-525-5238, or Investor Relations, 713-525-9072

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Service Corporation International's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.