Waste Connections, Inc. (WCN) to Issue Quarterly Dividend of $0.39 on November 19th

Waste Connections, Inc. (NYSE:WCN) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Thursday, November 5th will be given a dividend of $0.3850 per share by the business services provider on Thursday, November 19th. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 5th. This is a 10.0% increase from Waste Connections’s previous quarterly dividend of $0.35.

Waste Connections has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 8 years. Waste Connections has a dividend payout ratio of 26.0% indicating that 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 $1.54 annual dividend with an expected future payout ratio of 24.8%.

Waste Connections Price Performance

Shares of WCN opened at $188.04 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections has a 52-week low of $146.89 and a 52-week high of $188.20. The business’s 50 day moving average price is $163.72 and its two-hundred day moving average price is $163.65. The firm has a market cap of $47.11 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 3.29 and a beta of 0.49.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, October 21st. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.06. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Waste Connections had a net margin of 11.40% and a return on equity of 17.76%. The firm’s revenue was up 23.8% compared to the same quarter last year. On average, equities analysts anticipate that Waste Connections will post 5.70 EPS for the current year.

Waste Connections Company Profile

Waste Connections, Inc is a North American provider of solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and construction customers, offering scheduled and on-demand collection as well as waste management solutions tailored to municipalities and businesses.

Its operations include local collection fleets, transfer stations, recycling and resource-recovery facilities, and landfills. Waste Connections also provides non-hazardous oilfield waste services, including the collection, transportation, treatment and disposal of waste generated by energy-production activities.

Founded in 1997, Waste Connections has grown through a combination of internal development and acquisitions.