Republic Services, Inc. (NYSE:RSG) Plans Quarterly Dividend of $0.63

Republic Services, Inc. (NYSE:RSG) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.625 per share by the business services provider on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, July 2nd.

Republic Services has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Republic Services has a payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Republic Services to earn $8.02 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 31.4%.

Republic Services Trading Down 0.4%

Shares of RSG stock opened at $200.76 on Friday. Republic Services has a 12 month low of $198.24 and a 12 month high of $258.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $217.64 and its two-hundred day moving average is $215.64. The company has a market cap of $62.03 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 3.31 and a beta of 0.43.

Republic Services (NYSE:RSG) last announced its quarterly earnings results 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. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts predict that Republic Services will post 7.22 EPS for the current year.

About Republic Services

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.