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

GFL Environmental Inc. (NYSE:GFL) declared a quarterly dividend on Thursday, July 4th, NASDAQ reports. Investors of record on Monday, July 15th will be given a dividend of 0.014 per share on Wednesday, July 31st. This represents a $0.06 annualized dividend and a yield of 0.14%. The ex-dividend date is Monday, July 15th.

GFL Environmental has raised its dividend by an average of 19.4% annually over the last three years. GFL Environmental has a dividend payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect GFL Environmental to earn $1.05 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 Trading Up 0.5 %

GFL traded up $0.18 during mid-day trading on Friday, hitting $39.33. 805,157 shares of the stock were exchanged, compared to its average volume of 1,245,621. The firm’s fifty day moving average is $34.85 and its two-hundred day moving average is $34.48. GFL Environmental has a 1-year low of $26.87 and a 1-year high of $40.27. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29. The company has a market cap of $14.81 billion, a PE ratio of 61.17 and a beta of 1.16.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GFL shares. Royal Bank of Canada started coverage on GFL Environmental in a research note on Monday, April 8th. They set an “outperform” rating and a $46.00 target price on the stock. Jefferies Financial Group increased their target price on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, TD Cowen increased their price target on GFL Environmental from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, GFL Environmental has an average rating of “Moderate Buy” and a consensus price target of $43.08.

GFL Environmental Company Profile

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.