Waste Connections, Inc. (WCN) to Issue Quarterly Dividend of $0.39 on May 23rd

Waste Connections, Inc. (TSE:WCN) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Wednesday, May 8th will be given a dividend of 0.385 per share on Thursday, May 23rd. This represents a $1.54 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, May 7th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.38.

Waste Connections Stock Down 0.9 %

Shares of WCN opened at C$225.65 on Friday. The business’s fifty day moving average price is C$228.61 and its two-hundred day moving average price is C$205.90. The company has a debt-to-equity ratio of 91.42, a quick ratio of 0.74 and a current ratio of 0.68. The firm has a market capitalization of C$58.22 billion, a price-to-earnings ratio of 55.99, a PEG ratio of 2.22 and a beta of 0.66. Waste Connections has a 52 week low of C$174.74 and a 52 week high of C$234.79.

Waste Connections (TSE:WCN) last released its earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.38 by C$0.02. The firm had revenue of C$2.79 billion during the quarter, compared to analysts’ expectations of C$2.78 billion. Waste Connections had a return on equity of 10.30% and a net margin of 9.51%. On average, analysts predict that Waste Connections will post 8.9363601 earnings per share for the current year.

Insider Transactions at Waste Connections

In other news, Director Edward E. Guillet sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$168.79, for a total transaction of C$337,589.80. In related news, Director Edward E. Guillet sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$168.79, for a total transaction of C$337,589.80. Also, Senior Officer James M. Little sold 6,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$168.64, for a total value of C$1,011,840.00. In the last quarter, insiders sold 18,026 shares of company stock valued at $3,043,157. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

WCN has been the subject of several analyst reports. ATB Capital cut Waste Connections from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$200.00 to C$235.00 in a report on Thursday, February 15th. Atb Cap Markets cut Waste Connections from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their price target on Waste Connections from C$169.00 to C$182.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Waste Connections currently has an average rating of “Hold” and an average price target of C$192.10.

About Waste Connections

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.