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

Waste Connections, Inc. (NYSE:WCN) announced a quarterly dividend on Tuesday, October 21st. Shareholders of record on Wednesday, November 5th will be paid a dividend of 0.35 per share by the business services provider on Thursday, November 20th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 5th. This is a 11.1% increase from Waste Connections’s previous quarterly dividend of $0.32.

Waste Connections has a payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Waste Connections to earn $6.02 per share next year, which means the company should continue to be able to cover its $1.26 annual dividend with an expected future payout ratio of 20.9%.

Waste Connections Trading Up 2.6%

NYSE WCN opened at $178.35 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. Waste Connections has a 12 month low of $169.36 and a 12 month high of $201.66. The company has a market capitalization of $45.76 billion, a PE ratio of 74.31, a P/E/G ratio of 3.16 and a beta of 0.62. The stock has a 50-day simple moving average of $177.27 and a 200 day simple moving average of $185.54.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Tuesday, October 21st. The business services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.06. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Waste Connections had a return on equity of 16.08% and a net margin of 6.65%.Waste Connections’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 EPS. Waste Connections has set its FY 2025 guidance at EPS. Research analysts forecast that Waste Connections will post 5.28 EPS for the current year.

Waste Connections Company Profile

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.