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

GFL Environmental Inc. (NYSE:GFL - Get Free Report) 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 payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of GFL Environmental stock traded up $0.01 on Friday, reaching $44.63. 600,243 shares of the stock were exchanged, compared to its average volume of 671,471. The firm's 50 day moving average is $44.66 and its 200-day moving average is $41.60. The firm has a market cap of $17.56 billion, a PE ratio of -33.56 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental has a one year low of $30.57 and a one year high of $48.87.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. As a group, analysts anticipate that GFL Environmental will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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