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

GFL Environmental Inc. (NYSE:GFL) declared a quarterly dividend on Thursday, July 2nd. Investors of record on Monday, July 13th will be paid a dividend of 0.0169 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, July 13th.

GFL Environmental has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. GFL Environmental has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect GFL Environmental to earn $0.73 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 8.2%.

GFL Environmental Trading Up 0.2%

Shares of NYSE GFL opened at $37.48 on Friday. GFL Environmental has a 1 year low of $33.33 and a 1 year high of $51.51. The stock has a market cap of $13.45 billion, a P/E ratio of 117.14, a price-to-earnings-growth ratio of 2.91 and a beta of 0.70. The firm has a 50-day moving average of $36.62 and a 200 day moving average of $40.58. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.51 and a quick ratio of 1.51.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that GFL Environmental will post 0.54 EPS 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.