Republic Services, Inc. (RSG) to Issue Quarterly Dividend of $0.62 on July 15th

Republic Services, Inc. (NYSE:RSG) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Thursday, July 2nd will be given a dividend of 0.625 per share by the business services provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd.

Republic Services has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 22 years. Republic Services has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Republic Services to earn $8.03 per share next year, which means the company should continue to be able to cover its $2.50 annual dividend with an expected future payout ratio of 31.1%.

Republic Services Price Performance

RSG opened at $214.82 on Tuesday. The firm has a market cap of $66.09 billion, a PE ratio of 30.82, a P/E/G ratio of 3.56 and a beta of 0.41. The stock has a 50-day moving average price of $207.36 and a 200-day moving average price of $214.12. Republic Services has a 1 year low of $196.41 and a 1 year high of $246.82. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. Republic Services’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 EPS. Sell-side analysts predict that Republic Services will post 7.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on RSG. JPMorgan Chase & Co. increased their target price on Republic Services from $233.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Wells Fargo & Company upped their price target on Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Robert W. Baird reduced their price objective on Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Weiss Ratings cut shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada raised their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $243.26.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.