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

Waste Connections, Inc. (NYSE:WCNGet Free Report) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Thursday, August 6th will be given a dividend of 0.35 per share by the business services provider on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 6th.

Waste Connections has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Waste Connections has a payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Waste Connections to earn $6.20 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 22.6%.

Waste Connections Stock Performance

NYSE:WCN opened at $167.91 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.13. The firm’s fifty day simple moving average is $160.84 and its 200 day simple moving average is $163.28. The stock has a market cap of $42.37 billion, a P/E ratio of 40.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.49. Waste Connections has a twelve month low of $146.89 and a twelve month high of $191.91.

Waste Connections (NYSE:WCNGet Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.15. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.51 billion. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. As a group, research analysts predict that Waste Connections will post 5.49 EPS for the current year.

Key Stories Impacting Waste Connections

Here are the key news stories impacting Waste Connections this week:

About Waste Connections

(Get Free Report)

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.

See Also

Dividend History for Waste Connections (NYSE:WCN)

Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.