Republic Services, Inc. (NYSE:RSG) will issue a quarterly dividend of $0.50

Republic Services, Inc. (NYSE: RSGGet a rating) announced a quarterly dividend on Thursday, October 27, Zacks reports. Shareholders of record on Tuesday January 3 will receive a dividend of 0.495 per share from the business services provider on Friday January 13. This represents an annualized dividend of $1.98 and a dividend yield of 1.49%. The posting date is Friday, December 30.

Republic Services has increased its dividend by an average of 7.1% per year for the past three years and has increased its dividend every year for 18 years. Republic Services has a dividend payout ratio of 37.1%, indicating that its dividend is sufficiently covered by earnings. Research analysts expect Republic Services to earn $5.34 per share next year, meaning the company should continue to be able to cover its annual dividend of $1.98 with a ratio of expected future payout of 37.1%.

Performance of Republic Services shares

Shares of Actions of the services of the Republic opened at $133.18 on Friday. The company has a debt ratio of 1.26, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $42.08 billion, a P/E ratio of 29.08, a P/E/G ratio of 2.48 and a beta of 0.70. The company has a 50-day simple moving average of $139.69 and a 200-day simple moving average of $135.25. Republic Services has a fifty-two week low of $113.57 and a fifty-two week high of $149.17.

Services of the Republic (NYSE: RSGGet a rating) last announced its quarterly results on Thursday, August 4. The business services provider reported earnings per share of $1.32 for the quarter, beating analysts’ consensus estimate of $1.18 by $0.14. The company posted revenue of $3.41 billion for the quarter, versus $3.30 billion expected by analysts. Republic Services achieved a net margin of 11.31% and a return on equity of 16.18%. The company’s quarterly revenue increased by 21.4% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $1.09. Sell-side analysts expect Republic Services to post earnings per share of 4.76 for the current fiscal year.

Analyst upgrades and downgrades

RSG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised its price target on Republic Services shares from $147.00 to $158.00 in a Tuesday, August 9 research report. Jefferies Financial Group reaffirmed a “buy” rating and posted a $165.00 price target on Republic Services shares in a research report on Tuesday. Oppenheimer cut his price target on Republic Services shares to $152.00 in a Thursday, October 20 research report. Morgan Stanley cut its price target on Republic Services shares from $162.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. To finish, StockNews.com moved shares of Republic Services from a “buy” rating to a “strong buy” rating in a Sunday, October 23 research report. Two investment analysts gave the stock a hold rating, six gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.29.

Insider Buying and Selling at Republic Services

In other news, CEO Ark Jon Vander sold 14,100 shares of the company in a transaction dated Monday, August 8. The shares were sold at an average price of $142.49, for a total transaction of $2,009,109.00. As a result of the transaction, the CEO now directly owns 59,619 shares of the company, valued at approximately $8,495,111.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Insiders of the company hold 0.06% of the shares of the company.

Institutional entries and exits

Several institutional investors have recently changed their holdings in RSG. Worth Asset Management LLC acquired a new position in shares of Republic Services during Q1 worth approximately $69,000. Lumature Wealth Partners LLC increased its stake in Republic Services by 66.8% in the 1st quarter. Lumature Wealth Partners LLC now owns 1,406 shares of the business services provider valued at $186,000 after buying an additional 563 shares in the last quarter. DA Davidson & CO. acquired a new position in Republic Services in Q1 worth approximately $203,000. Ethic Inc. acquired a new position in Republic Services in Q1 worth approximately $208,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Republic Services in Q1 worth approximately $228,000. 58.01% of the shares are currently held by institutional investors and hedge funds.

Republic Services Company Profile

(Get a rating)

Republic Services, Inc., together with its subsidiaries, provides environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste and other environmental solutions. Its collection services include curbside collection of materials for transportation to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and rental of compactors.

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Dividend history for Republic Services (NYSE:RSG)

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