Waste Connections Inc (WCN) to Issue Quarterly Dividend of $0.18
Waste Connections Inc (TSE:WCN) declared a quarterly dividend on Wednesday, October 25th, Zacks reports. Investors of record on Wednesday, November 8th will be paid a dividend of 0.175 per share on Wednesday, November 22nd. This represents a $0.70 annualized dividend and a yield of 0.77%. The ex-dividend date is Tuesday, November 7th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.12.
A number of equities research analysts have weighed in on the company. Raymond James Financial, Inc. raised their price target on Waste Connections from C$72.00 to C$76.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Royal Bank Of Canada raised their price target on Waste Connections to C$102.50 and gave the company an “outperform” rating in a research report on Friday, October 27th. TD Securities raised their price target on Waste Connections to C$95.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Barclays PLC lowered their price target on Waste Connections from C$96.00 to C$90.00 and set an “overweight” rating on the stock in a research report on Thursday, July 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$88.92.
In other Waste Connections news, Director Robert H. Davis sold 700 shares of Waste Connections stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of C$71.72, for a total transaction of C$50,204.00.
Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.
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