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

Republic Services, Inc. (NYSE:RSG) declared 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 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date 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 by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 22 years. Republic Services has a payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE:RSG opened at $212.05 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a fifty day simple moving average of $217.43 and a 200 day simple moving average of $214.27. Republic Services has a 1-year low of $196.41 and a 1-year high of $233.42. The stock 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 (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm earned $1.77 EPS. Republic Services’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts expect that Republic Services will post 7.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Morgan Stanley set a $232.00 price target on shares of Republic Services in a report on Friday, August 7th. Barclays raised their price objective on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Citigroup upped their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Wolfe Research started coverage on Republic Services in a research note on Tuesday, September 15th. They set a “peer perform” rating on the stock. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus 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.