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.
TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/14/waste-connections-inc-wcn-declares-quarterly-dividend-of-0-14.html.
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.
Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.