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

Waste Connections, Inc. (NYSE:WCN) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Wednesday, February 25th will be given 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 dividend yield of 0.8%. The ex-dividend date is Wednesday, February 25th.

Waste Connections has raised 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 8 years. Waste Connections has a payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 0.6%

Shares of Waste Connections stock opened at $171.65 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.67 and a quick ratio of 0.67. The business has a fifty day simple moving average of $171.31 and a two-hundred day simple moving average of $174.95. Waste Connections has a 1 year low of $162.06 and a 1 year high of $201.66. The company has a market capitalization of $43.89 billion, a price-to-earnings ratio of 71.52, a P/E/G ratio of 3.08 and a beta of 0.62.

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