Waste Connections, Inc. (TSE:WCN) to Issue Dividend Increase – $0.39 Per Share

Waste Connections, Inc. (TSE:WCN) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Wednesday, May 8th will be given a dividend of 0.385 per share on Thursday, May 23rd. This represents a $1.54 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, May 7th. This is an increase from Waste Connections’s previous quarterly dividend of $0.38.

Waste Connections Price Performance

TSE:WCN opened at C$225.65 on Friday. The firm has a market cap of C$58.22 billion, a price-to-earnings ratio of 55.99, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The company has a current ratio of 0.68, a quick ratio of 0.74 and a debt-to-equity ratio of 91.42. The company’s 50-day moving average is C$228.61 and its two-hundred day moving average is C$205.90. Waste Connections has a 12-month low of C$174.74 and a 12-month high of C$234.79.

Waste Connections (TSE:WCN) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$1.40 earnings per share for the quarter, topping the consensus estimate of C$1.38 by C$0.02. The business had revenue of C$2.79 billion for the quarter, compared to analyst estimates of C$2.78 billion. Waste Connections had a net margin of 9.51% and a return on equity of 10.30%. Research analysts expect that Waste Connections will post 8.9363601 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WCN shares. ATB Capital lowered shares of Waste Connections from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$200.00 to C$235.00 in a report on Thursday, February 15th. Royal Bank of Canada increased their price objective on shares of Waste Connections from C$169.00 to C$182.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Atb Cap Markets downgraded shares of Waste Connections from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$192.10.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, Director Andrea Elisabeth Bertone sold 902 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of C$169.17, for a total value of C$152,589.90. In other news, Senior Officer Matthew Stephen Black sold 4,128 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of C$167.34, for a total transaction of C$690,760.94. Also, Director Andrea Elisabeth Bertone sold 902 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of C$169.17, for a total transaction of C$152,589.90. Insiders sold 18,026 shares of company stock valued at $3,043,157 over the last 90 days. 0.28% of the stock is owned by corporate insiders.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.