Republic Services, Inc. (RSG) Announces Quarterly Dividend of $0.32

Republic Services, Inc. (NYSE:RSG) declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Monday, April 3rd will be paid a dividend of 0.32 per share by the business services provider on Monday, April 17th. This represents a $1.28 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, March 30th.

Republic Services has raised its dividend by an average of 8.1% annually over the last three years and has raised its dividend every year for the last 7 years. Republic Services has a dividend payout ratio of 54.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Republic Services to earn $2.60 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 49.2%.

Shares of Republic Services (NYSE:RSG) traded up 0.70% during trading on Friday, reaching $63.45. 832,735 shares of the company’s stock were exchanged. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 35.65 and a beta of 0.59. Republic Services has a 12 month low of $45.56 and a 12 month high of $63.84. The stock has a 50-day moving average price of $62.65 and a 200 day moving average price of $57.26.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 16th. The business services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. Republic Services had a return on equity of 9.62% and a net margin of 6.40%. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts forecast that Republic Services will post $2.36 EPS for the current year.

Dividend History for Republic Services (NYSE:RSG)

COPYRIGHT VIOLATION WARNING: This news story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at

In other news, insider Donald W. Slager sold 112,500 shares of the company’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $61.55, for a total transaction of $6,924,375.00. Following the completion of the transaction, the insider now directly owns 359,517 shares of the company’s stock, valued at approximately $22,128,271.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Catharine D. Ellingsen sold 1,625 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $62.21, for a total value of $101,091.25. Following the transaction, the executive vice president now directly owns 3,589 shares of the company’s stock, valued at $223,271.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 155,996 shares of company stock valued at $9,575,351. Insiders own 0.50% of the company’s stock.

A number of equities research analysts have commented on RSG shares. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, February 15th. Barclays PLC downgraded Republic Services from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $55.00 to $57.00 in a report on Wednesday, March 1st. Wedbush boosted their price objective on Republic Services from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, February 21st. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Republic Services in a report on Friday, February 17th. Finally, Stifel Nicolaus boosted their price objective on Republic Services from $60.00 to $64.00 and gave the company a “buy” rating in a report on Monday, February 13th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $64.56.

About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

5 Day Chart for NYSE:RSG

Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply