GFL Environmental Inc. (NYSE:GFL) Announces $0.02 Quarterly Dividend

Key Points

• GFL Environmental Inc. announced a quarterly dividend of $0.02 per share, with investors of record set to receive it on October 31st, yielding 0.1% annually.
• The company's earnings per share (EPS) estimate for next year is $1.06, suggesting a modest future dividend payout ratio of 5.7% based on its expected annual dividend.
• GFL Environmental's stock is currently trading at $46.67, with a market capitalization of $16.96 billion and a price-to-earnings ratio of 7.36.

GFL Environmental Inc. (NYSE:GFL - Get Free Report) announced a quarterly dividend on Thursday, October 2nd, RTT News reports. Investors of record on Wednesday, October 15th will be given a dividend of 0.0154 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 0.1%.

GFL Environmental has a dividend payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect GFL Environmental to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 5.7%.

GFL Environmental Stock Performance

GFL stock traded up $0.04 during trading on Thursday, reaching $46.67. The company had a trading volume of 417,887 shares, compared to its average volume of 1,588,997. The firm has a 50-day simple moving average of $48.66 and a 200-day simple moving average of $48.65. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 7.36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67. GFL Environmental has a twelve month low of $39.10 and a twelve month high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. GFL Environmental's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that GFL Environmental will post 0.58 earnings per share for the current year.

About GFL Environmental

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.

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