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

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 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, May 7th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.38.

Waste Connections Stock Performance

TSE:WCN opened at C$224.64 on Monday. The stock has a market cap of C$57.95 billion, a P/E ratio of 53.23, a PEG ratio of 2.22 and a beta of 0.66. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 104.12. The business’s 50-day moving average price is C$228.18 and its two-hundred day moving average price is C$207.66. Waste Connections has a twelve month low of C$174.74 and a twelve month high of C$234.79.

Waste Connections (TSE:WCN) last announced its earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.38 by C$0.02. Waste Connections had a net margin of 9.70% and a return on equity of 10.57%. The business had revenue of C$2.79 billion for the quarter, compared to the consensus estimate of C$2.78 billion. As a group, equities analysts predict that Waste Connections will post 8.9640862 EPS for the current fiscal year.

Insider Transactions at Waste Connections

In other news, Director Andrea Elisabeth Bertone sold 902 shares of the firm’s stock in a transaction 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. In other Waste Connections news, Director Andrea Elisabeth Bertone sold 902 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of C$169.17, for a total transaction of C$152,589.90. Also, Senior Officer James M. Little sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$168.64, for a total transaction of C$1,011,840.00. Insiders have sold a total of 18,026 shares of company stock valued at $3,043,157 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WCN shares. Atb Cap Markets cut Waste Connections from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 14th. Royal Bank of Canada increased their price objective on Waste Connections from C$169.00 to C$182.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, ATB Capital boosted their target price on Waste Connections from C$235.00 to C$240.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Waste Connections presently has an average rating of “Hold” and an average price target 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.