Republic Services, Inc. (RSG) To Go Ex-Dividend on January 4th

Republic Services, Inc. (NYSE:RSG – Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Monday, January 4th will be paid a dividend of $0.67 per share by the business services provider on Friday, January 15th. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, January 4th.

Republic Services has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Republic Services has a dividend payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Republic Services to earn $8.02 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 33.4%.

Republic Services Stock Performance

Republic Services stock traded up $8.37 during trading hours on Friday, reaching $244.65. 819,325 shares of the stock were exchanged, compared to its average volume of 1,522,244. Republic Services has a 52-week low of $196.41 and a 52-week high of $249.37. 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’s 50 day moving average is $221.99 and its 200 day moving average is $216.64. The stock has a market cap of $74.91 billion, a P/E ratio of 34.62, a P/E/G ratio of 3.75 and a beta of 0.39.

Republic Services (NYSE:RSG – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The business services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.01. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.42 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 earnings per share. Analysts predict that Republic Services will post 7.26 EPS for the current fiscal year.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 324,810 shares of the stock in a transaction on Friday, September 11th. The stock was purchased at an average price of $222.89 per share, for a total transaction of $72,396,900.90. Following the acquisition, the insider owned 117,058,444 shares in the company, valued at approximately $26,091,156,583.16. This trade represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders bought a total of 6,254,462 shares of company stock worth $1,380,321,958 over the last quarter. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Republic Services

Several hedge funds and other institutional investors have recently made changes to their positions in RSG. BlackRock Inc. bought a new position in shares of Republic Services during the 2nd quarter valued at $3,798,092,000. State Street Corp raised its holdings in shares of Republic Services by 1.6% in 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 buying an additional 160,051 shares during the period. Bank of America Corp DE acquired a new position in Republic Services during the 2nd quarter worth $682,573,000. Allspring Global Investments Holdings LLC boosted its position in shares of Republic Services by 68.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,256,190 shares of the business services provider’s stock worth $497,828,000 after acquiring an additional 913,249 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Republic Services by 1.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,132,434 shares of the business services provider’s stock valued at $454,379,000 after buying an additional 28,996 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Company Profile

(Get Free Report)

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.

See Also

Dividend History for Republic Services (NYSE:RSG)

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