Republic Services, Inc. (NYSE:RSG) Declares Quarterly Dividend of $0.67

Republic Services, Inc. (NYSE:RSG) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.67 per share by the business services provider on Thursday, October 15th. This represents a $2.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 2nd. This is a 7.2% increase from Republic Services’s previous quarterly dividend of $0.6250.

Republic Services has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 22 years. Republic Services has a payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Republic Services to earn $8.00 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 33.5%.

Republic Services Price Performance

Shares of RSG opened at $212.05 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a 50-day simple moving average of $217.43 and a 200-day simple moving average of $214.27. Republic Services has a fifty-two week low of $196.41 and a fifty-two week high of $233.42. The company has a market capitalization of $64.93 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 3.53 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the company posted $1.77 EPS. Republic Services’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities research analysts anticipate that Republic Services will post 7.27 earnings per share for the current year.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. bought 324,810 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of $222.89 per share, for a total transaction of $72,396,900.90. Following the purchase, the insider owned 117,058,444 shares in the company, valued at $26,091,156,583.16. This trade represents a 0.28% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have acquired a total of 6,254,462 shares of company stock valued at $1,380,321,958 in the last three months. 0.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSG. Envestnet Portfolio Solutions Inc. grew its position in shares of Republic Services by 2.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 47,998 shares of the business services provider’s stock worth $10,227,000 after acquiring an additional 1,326 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Republic Services by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 665,127 shares of the business services provider’s stock worth $141,725,000 after buying an additional 42,027 shares in the last quarter. State Street Corp raised its stake in Republic Services by 1.6% during the 2nd quarter. State Street Corp now owns 9,953,507 shares of the business services provider’s stock valued at $2,120,893,000 after acquiring an additional 160,051 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Republic Services by 32.2% during the second quarter. Integrated Wealth Concepts LLC now owns 7,716 shares of the business services provider’s stock valued at $1,644,000 after purchasing an additional 1,878 shares during the period. Finally, Nykredit A S acquired a new stake in Republic Services in the second quarter worth about $24,534,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

About Republic Services

Republic Services, Inc (NYSE:RSG) is an environmental services company that provides non-hazardous solid waste collection, transfer, disposal and recycling services. Its customers include households, businesses, industrial facilities and municipalities.

The company’s operations include residential and commercial waste collection, roll-off and temporary container services, landfill management, transfer stations, recycling processing and related environmental solutions. Republic also provides services involving hazardous waste, organics, energy recovery and other specialized waste streams through selected operations.

Republic Services serves communities and customers across the United States, with operations spanning a broad network of collection, transfer, recycling and disposal facilities.