Waste Connections, Inc. (NYSE:WCN – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, November 5th will be paid 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 dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 10.0% increase from Waste Connections’s previous quarterly dividend of $0.35.
Waste Connections has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Waste Connections has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Waste Connections to earn $6.22 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 22.5%.
Waste Connections Trading Up 10.4%
Shares of NYSE WCN opened at $185.70 on Friday. Waste Connections has a 1 year low of $146.89 and a 1 year high of $186.93. The stock has a market cap of $46.53 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 2.95 and a beta of 0.49. The firm has a 50-day moving average of $161.34 and a 200 day moving average of $161.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.66 and a quick ratio of 0.66.
Waste Connections (NYSE:WCN – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.52 by $0.06. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.60 billion. Waste Connections had a net margin of 11.40% and a return on equity of 17.65%. The company’s revenue was up 23.8% compared to the same quarter last year. As a group, sell-side analysts expect that Waste Connections will post 5.65 EPS for the current fiscal year.
More Waste Connections News
Here are the key news stories impacting Waste Connections this week:
- Positive Sentiment: Quarterly results exceeded expectations. Waste Connections reported adjusted EPS of $1.58, ahead of the $1.52 consensus estimate, while revenue reached $2.64 billion versus expectations of approximately $2.60 billion. Revenue growth, stronger operating execution, and improved landfill volumes supported the beat. Waste Connections Beats Q3 Earnings and Revenue Estimates
- Positive Sentiment: Management raised its full-year outlook. The company cited sequential improvement in solid-waste unit volumes, particularly at landfills, as well as favorable commodity-related revenue trends. Operating profit and net income also grew strongly year over year. Waste Connections Reports Third Quarter Results and Raises Full-Year Outlook
- Positive Sentiment: The quarterly dividend was increased 10%. Waste Connections raised its dividend to $0.385 per share from $0.350, equivalent to $1.54 annually, with payment scheduled for November 19 to shareholders of record as of November 5. The increase signals confidence in cash generation and adds to the stock’s shareholder-return appeal. Waste Connections Announces 10% Dividend Increase
- Positive Sentiment: Acquisitions continue to support growth. The company is using cash flow from acquired operations to expand profits while returning more capital to shareholders. Why Waste Connections Stock Is Up Today
- Negative Sentiment: Valuation and insider selling remain risks. At a reported price-to-earnings ratio near 45, expectations are elevated. Recent insider activity also showed substantially more sales than purchases, although such transactions may reflect routine diversification rather than a change in business outlook.
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.
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