GFL Environmental Inc. Plans Quarterly Dividend of $0.02 (NYSE:GFL)

GFL Environmental Inc. (NYSE:GFL) announced a quarterly dividend on Friday, January 2nd. Investors of record on Tuesday, January 13th will be given a dividend of 0.0154 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, January 13th.

GFL Environmental has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.2%

GFL Environmental stock traded down $0.10 during mid-day trading on Friday, reaching $42.85. 1,641,577 shares of the company traded hands, compared to its average volume of 1,604,905. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. GFL Environmental has a 52-week low of $41.29 and a 52-week high of $52.00. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 6.72 and a beta of 0.88. The firm’s 50 day moving average price is $44.25 and its 200 day moving average price is $46.78.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.