GFL Environmental Inc. (NYSE:GFL) Shareholders to Receive $0.02 Quarterly Dividend

GFL Environmental Inc. (NYSE:GFL) announced a quarterly dividend on Tuesday, September 29th. Investors of record on Wednesday, October 14th will be given a dividend of $0.0169 per share on Friday, October 30th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 14th.

GFL Environmental has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. GFL Environmental has a dividend payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect GFL Environmental to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 7.1%.

GFL Environmental Price Performance

Shares of GFL traded up $0.76 during trading hours on Tuesday, reaching $42.16. 4,056,333 shares of the company traded hands, compared to its average volume of 2,378,982. The stock has a market capitalization of $15.22 billion, a PE ratio of -79.55, a price-to-earnings-growth ratio of 3.12 and a beta of 0.68. The stock has a fifty day simple moving average of $41.53 and a 200 day simple moving average of $39.65. GFL Environmental has a fifty-two week low of $33.33 and a fifty-two week high of $47.66. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.34.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.33 billion. GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. As a group, research analysts predict that GFL Environmental will post 0.57 EPS for the current fiscal year.

GFL Environmental Company Profile

GFL Environmental Inc is a North American environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste.

GFL also provides recycling and organics management services, including the processing of recyclable materials and organic waste. Its environmental services include liquid waste management, soil remediation, infrastructure services and other specialized solutions for industrial and commercial customers.

Founded in 2007, GFL is headquartered in Vaughan, Ontario, and serves communities and customers across Canada and the United States.