Waste Connections, Inc. (WCN) to Issue Quarterly Dividend of $0.35 on August 20th

Waste Connections, Inc. (NYSE:WCN) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Thursday, August 6th will be given a dividend of 0.35 per share by the business services provider on Thursday, August 20th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 6th.

Waste Connections has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. Waste Connections has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Waste Connections to earn $6.22 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 22.5%.

Waste Connections Price Performance

Shares of WCN stock opened at $167.83 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $42.35 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 2.87 and a beta of 0.48. The firm’s 50-day moving average is $162.82 and its two-hundred day moving average is $163.26. Waste Connections has a 12 month low of $146.89 and a 12 month high of $191.00.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.51 billion. Waste Connections had a net margin of 10.86% and a return on equity of 17.31%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 EPS. Analysts predict that Waste Connections will post 5.63 earnings per share for the current year.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.