Waste Connections, Inc. (WCN) to Distribute Quarterly Dividend of $0.35 on August 20th

Waste Connections, Inc. (NYSE:WCN) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Thursday, August 6th will be paid 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 dividend 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%annually 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. Analysts expect Waste Connections to earn $6.19 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 Up 0.2%

WCN opened at $168.15 on Friday. The firm has a 50 day moving average price of $161.10 and a 200 day moving average price of $163.24. The company has a market cap of $42.43 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 2.94 and a beta of 0.49. Waste Connections has a 1 year low of $146.89 and a 1 year high of $191.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.69 and a current ratio of 0.69.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.35 by $0.15. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.51 billion. Waste Connections had a net margin of 10.86% and a return on equity of 17.20%. Waste Connections’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. Sell-side analysts expect that Waste Connections will post 5.49 earnings per share for the current year.

Waste Connections Company Profile

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.