Waste Connections, Inc. to Issue Quarterly Dividend of $0.35 (NYSE:WCN)

Waste Connections, Inc. (NYSE:WCN) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Wednesday, February 25th will be paid a dividend of 0.35 per share by the business services provider on Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, February 25th.

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. Equities research analysts expect Waste Connections to earn $6.02 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 23.3%.

Waste Connections Price Performance

Shares of WCN opened at $171.65 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. The stock has a market cap of $43.89 billion, a PE ratio of 71.52, a PEG ratio of 3.08 and a beta of 0.62. Waste Connections has a 12-month low of $162.06 and a 12-month high of $201.66. The business has a 50-day simple moving average of $171.31 and a two-hundred day simple moving average of $174.95.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.37 billion. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. Analysts anticipate that Waste Connections will post 5.28 earnings per share for the current fiscal year.

About Waste Connections

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.