Waste Connections, Inc. (WCN) to Issue Quarterly Dividend of $0.39 on May 23rd

Waste Connections, Inc. (TSE:WCN) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors 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 0.69%. The ex-dividend date is Tuesday, May 7th. This is an increase from Waste Connections’s previous quarterly dividend of $0.38.

Waste Connections Stock Up 0.5 %

Shares of WCN opened at C$224.64 on Friday. The stock’s 50-day moving average price is C$228.18 and its two-hundred day moving average price is C$207.41. Waste Connections has a 12 month low of C$174.74 and a 12 month high of C$234.79. The company has a market capitalization of C$57.95 billion, a PE ratio of 53.23, a PEG ratio of 2.22 and a beta of 0.66. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 104.12.

Waste Connections (TSE:WCN) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.38 by C$0.02. Waste Connections had a return on equity of 10.57% and a net margin of 9.70%. The company had revenue of C$2.79 billion during the quarter, compared to the consensus estimate of C$2.78 billion. On average, analysts anticipate that Waste Connections will post 8.9640862 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Matthew Stephen Black sold 4,128 shares of Waste Connections stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$167.34, for a total transaction of C$690,760.94. In other Waste Connections news, Senior Officer Robert Michael Cloninger sold 3,746 shares of Waste Connections stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$170.21, for a total transaction of C$637,613.03. Also, Senior Officer Matthew Stephen Black sold 4,128 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$167.34, for a total transaction of C$690,760.94. Insiders have sold a total of 18,026 shares of company stock worth $3,043,157 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WCN shares. Atb Cap Markets cut shares of Waste Connections from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Royal Bank of Canada increased their price target on 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 Capital boosted their price objective on Waste Connections from C$235.00 to C$240.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Waste Connections currently has an average rating of “Hold” and a consensus target price of C$193.10.

About Waste Connections

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.