GFL Environmental Inc. (TSE:GFL) Announces Dividend Increase – $0.02 Per Share

Posted by Amber O'Connor on Apr 11th, 2024

GFL Environmental Inc. (TSE:GFL – Get Free Report) announced a quarterly dividend on Thursday, April 4th, Zacks reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.019 per share on Tuesday, April 30th. This represents a $0.08 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Friday, April 12th. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02.

GFL Environmental Stock Performance

Shares of GFL Environmental stock opened at C$47.98 on Thursday. The stock has a market capitalization of C$17.24 billion, a price-to-earnings ratio of -369.08, a PEG ratio of -0.76 and a beta of 1.22. The firm’s fifty day simple moving average is C$47.52 and its 200-day simple moving average is C$44.16. The company has a debt-to-equity ratio of 125.76, a current ratio of 0.82 and a quick ratio of 0.57. GFL Environmental has a 12 month low of C$36.56 and a 12 month high of C$51.83.

GFL Environmental (TSE:GFL – Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.19). The business had revenue of C$1.88 billion for the quarter, compared to analyst estimates of C$1.85 billion. GFL Environmental had a return on equity of 0.48% and a net margin of 0.60%. As a group, equities analysts forecast that GFL Environmental will post 1.2272488 earnings per share for the current year.

Insider Transactions at GFL Environmental

In other GFL Environmental news, Senior Officer Mindy Beth Gilbert sold 9,645 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$47.85, for a total value of C$461,513.25. Company insiders own 3.16% of the company’s stock.

About GFL Environmental

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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.