Republic Services, Inc. (RSG) to Distribute Quarterly Dividend of $0.67 on October 15th

Republic Services, Inc. (NYSE:RSG) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share by the business services provider on Thursday, October 15th. This represents a $2.68 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 2nd. This is a 7.2% increase from Republic Services’s previous quarterly dividend of $0.6250.

Republic Services has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Republic Services has a payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Republic Services to earn $8.00 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 33.5%.

Republic Services Stock Down 0.4%

Republic Services stock opened at $212.05 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50-day moving average is $217.43 and its 200-day moving average is $214.27. The firm has a market capitalization of $64.93 billion, a PE ratio of 30.03, a P/E/G ratio of 3.53 and a beta of 0.40. Republic Services has a fifty-two week low of $196.41 and a fifty-two week high of $233.42.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts anticipate that Republic Services will post 7.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RSG. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Citigroup lifted their price objective on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research report on Friday, August 7th. UBS Group raised their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, Barclays upped their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Company Profile

Republic Services, Inc (NYSE:RSG) is an environmental services company that provides non-hazardous solid waste collection, transfer, disposal and recycling services. Its customers include households, businesses, industrial facilities and municipalities.

The company’s operations include residential and commercial waste collection, roll-off and temporary container services, landfill management, transfer stations, recycling processing and related environmental solutions. Republic also provides services involving hazardous waste, organics, energy recovery and other specialized waste streams through selected operations.

Republic Services serves communities and customers across the United States, with operations spanning a broad network of collection, transfer, recycling and disposal facilities.