GFL Environmental Inc. (NYSE:GFL) Announces $0.01 Quarterly Dividend

GFL Environmental Inc. (NYSE:GFL) declared a quarterly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Monday, January 13th will be given a dividend of 0.014 per share on Friday, January 31st. This represents a $0.06 annualized dividend and a yield of 0.13%. The ex-dividend date is Monday, January 13th.

GFL Environmental has raised its dividend payment by an average of 19.4% annually over the last three years. GFL Environmental has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GFL Environmental to earn $1.07 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 5.6%.

GFL Environmental Trading Up 0.0 %

Shares of GFL traded up $0.01 on Friday, reaching $44.63. 600,243 shares of the company’s stock were exchanged, compared to its average volume of 671,471. The business has a 50 day moving average price of $44.66 and a two-hundred day moving average price of $41.60. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $48.87. The stock has a market capitalization of $17.56 billion, a P/E ratio of -33.56 and a beta of 1.16. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Research analysts anticipate that GFL Environmental will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Raymond James boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group raised their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Scotiabank boosted their price target on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Finally, Truist Financial raised their price objective on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.80.

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.