Waste Connections, Inc. (WCN) to Issue Quarterly Dividend of $0.43 on November 21st

Waste Connections, Inc. (TSE:WCN) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Thursday, November 7th will be paid a dividend of 0.426 per share on Thursday, November 21st. This represents a $1.70 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from Waste Connections’s previous quarterly dividend of $0.39.

Waste Connections Price Performance

The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 100.60. The company has a market cap of C$63.88 billion, a PE ratio of 54.90, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. Waste Connections has a 12-month low of C$174.74 and a 12-month high of C$253.95. The stock’s fifty day moving average price is C$247.98 and its two-hundred day moving average price is C$239.18.

Waste Connections (TSE:WCN) last released its earnings results on Wednesday, July 24th. The company reported C$1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.61 by C$0.09. Waste Connections had a return on equity of 11.14% and a net margin of 10.23%. The firm had revenue of C$3.08 billion for the quarter, compared to analysts’ expectations of C$3.03 billion. Research analysts expect that Waste Connections will post 9.9808652 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WCN. Eight Capital set a C$270.00 target price on Waste Connections and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Scotiabank raised Waste Connections to a “hold” rating in a research report on Friday, October 4th. Finally, ATB Capital upped their price objective on Waste Connections from C$240.00 to C$255.00 in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Waste Connections currently has a consensus rating of “Hold” and an average target price of C$208.42.

Insider Activity at Waste Connections

In other Waste Connections news, Director Edward E. Guillet sold 8,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. In related news, Director Edward E. Guillet sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. Also, Senior Officer Robert Andres Nielsen sold 571 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$252.28, for a total transaction of C$144,051.88. In the last ninety days, insiders have sold 30,671 shares of company stock worth $6,073,683. 0.21% of the stock is owned by corporate insiders.

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.