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

GFL Environmental Inc. (NYSE:GFL) declared a quarterly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Monday, January 13th will be paid 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 is Monday, January 13th.

GFL Environmental has increased 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 Stock Up 0.0 %

GFL Environmental stock traded up $0.01 during trading hours on Friday, hitting $44.63. The company had a trading volume of 600,243 shares, compared to its average volume of 671,471. The firm’s fifty day moving average is $44.66 and its 200-day moving average is $41.60. The firm has a market capitalization of $17.56 billion, a P/E ratio of -33.56 and a beta of 1.16. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $48.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company 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%. On average, research analysts forecast that GFL Environmental will post 0.59 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on GFL. Raymond James lifted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group boosted their target price 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. Truist Financial raised their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank upped their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Three 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 stock has an average 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.