Waste Connections, Inc. (WCN) To Go Ex-Dividend on May 6th

Waste Connections, Inc. (NYSE:WCN) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Wednesday, May 6th will be given a dividend of 0.35 per share by the business services provider on Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 6th.

Waste Connections has increased its dividend payment 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 $6.18 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 22.7%.

Waste Connections Stock Up 0.0%

NYSE WCN opened at $161.26 on Monday. The company’s 50 day simple moving average is $164.21 and its 200 day simple moving average is $168.53. The company has a market capitalization of $41.16 billion, a P/E ratio of 39.33, a PEG ratio of 2.86 and a beta of 0.55. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69. Waste Connections has a 12 month low of $154.90 and a 12 month high of $199.00.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.50 billion. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.Waste Connections’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 earnings per share. Equities research analysts expect that Waste Connections will post 5.5 earnings per share for the current fiscal year.

About Waste Connections

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.