Republic Services, Inc. (NYSE:RSG) to Issue Quarterly Dividend of $0.63

Key Points

• Republic Services, Inc. has declared a quarterly dividend of $0.63 per share, with the payment scheduled for January 15th, 2024, to investors of record on January 2nd.
• The company has a payout ratio of 30.4%, indicating that its dividend is well-covered by earnings, and is expected to report $7.51 per share in earnings next year.
• As of the last trading session, Republic Services stock was priced at $223.03, down 0.1% with a market capitalization of $69.63 billion.

Republic Services, Inc. (NYSE:RSG - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Friday, January 2nd will be given a dividend of 0.625 per share by the business services provider on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, January 2nd.

Republic Services has a payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Republic Services to earn $7.51 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 30.9%.

Republic Services Stock Down 0.1%

RSG opened at $223.03 on Friday. Republic Services has a twelve month low of $197.60 and a twelve month high of $258.75. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $227.95 and a 200 day moving average price of $238.64. The company has a market cap of $69.63 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Sell-side analysts expect that Republic Services will post 6.86 earnings per share for the current fiscal year.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.

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