Waste Connections Inc (WCN) Declares Quarterly Dividend of $0.14

Waste Connections Inc (NYSE:WCN) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Stockholders of record on Wednesday, February 28th will be given a dividend of 0.14 per share by the business services provider on Wednesday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.81%.

Waste Connections has raised its dividend by an average of 16.4% annually over the last three years and has increased its dividend every year for the last 8 years. Waste Connections has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Waste Connections to earn $2.41 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 23.2%.

Shares of Waste Connections (WCN) traded up $0.89 on Wednesday, reaching $69.38. 1,104,075 shares of the company were exchanged, compared to its average volume of 887,893. Waste Connections has a 52-week low of $54.16 and a 52-week high of $74.20. The stock has a market capitalization of $17,888.04, a PE ratio of 52.64, a PEG ratio of 3.57 and a beta of 0.16. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.66.

WCN has been the subject of a number of research reports. Zacks Investment Research raised shares of Waste Connections from a “sell” rating to a “hold” rating and set a $78.00 price target for the company in a research report on Saturday, January 6th. TD Securities boosted their price target on shares of Waste Connections from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $78.00 price target on shares of Waste Connections in a research report on Friday, October 27th. Bank of America initiated coverage on shares of Waste Connections in a research report on Friday, December 22nd. They issued a “buy” rating and a $80.00 price target for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target on shares of Waste Connections in a research report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.56.

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Waste Connections Company Profile

Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.

Dividend History for Waste Connections (NYSE:WCN)

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