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

GFL Environmental Inc. (NYSE:GFL) announced a quarterly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Monday, January 13th.

GFL Environmental has raised its dividend payment by an average of 8.6% annually over the last three years. GFL Environmental has a payout ratio of 4.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.3 %

Shares of NYSE GFL opened at $44.18 on Friday. The business has a 50-day moving average price of $45.04 and a 200 day moving average price of $41.85. The stock has a market cap of $17.38 billion, a PE ratio of -33.22 and a beta of 1.17. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a 52-week low of $30.57 and a 52-week high of $48.87.

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

Wall Street Analysts Forecast Growth

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

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.