GFL Environmental Inc. (GFL) to Distribute Quarterly Dividend of $0.02 on April 30th

GFL Environmental Inc. (NYSE:GFL) declared a quarterly dividend on Thursday, April 3rd, RTT News reports. Shareholders of record on Monday, April 14th will be given a dividend of 0.0154 per share on Wednesday, April 30th. This represents a $0.06 annualized dividend and a yield of 0.14%. This is a 10.0% increase from GFL Environmental’s previous quarterly dividend of $0.01.

GFL Environmental has increased its dividend by an average of 8.4% per year over the last three years. GFL Environmental has a dividend payout ratio of 7.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect GFL Environmental to earn $1.06 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 5.7%.

GFL Environmental Price Performance

GFL Environmental stock opened at $44.76 on Friday. The stock has a market cap of $17.61 billion, a P/E ratio of -33.65 and a beta of 1.09. The company has a fifty day simple moving average of $46.15 and a 200-day simple moving average of $44.17. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a 12-month low of $30.57 and a 12-month high of $49.35.

GFL Environmental (NYSE:GFL) last issued its earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities analysts expect that GFL Environmental will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

GFL has been the topic of several research reports. Truist Financial raised their price objective on GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group increased their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Citigroup upped their price objective on GFL Environmental from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $51.38.

GFL Environmental Company Profile

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.