GFL Environmental Inc. (TSE:GFL) Announces Quarterly Dividend of $0.02

GFL Environmental Inc. (TSE:GFLGet Free Report) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.019 per share on Thursday, October 31st. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Wednesday, October 16th.

GFL Environmental Stock Up 0.4 %

TSE GFL traded up C$0.22 on Monday, reaching C$55.67. The company had a trading volume of 105,860 shares, compared to its average volume of 259,280. The firm has a market capitalization of C$21.20 billion, a price-to-earnings ratio of -27.16, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.57 and a current ratio of 0.89. GFL Environmental has a 1-year low of C$36.56 and a 1-year high of C$59.00. The company’s fifty day moving average is C$55.27 and its 200-day moving average is C$50.89.

GFL Environmental (TSE:GFLGet Free Report) last announced its earnings results on Wednesday, July 31st. The company reported C$0.29 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.01. The firm had revenue of C$2.06 billion during the quarter, compared to analyst estimates of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. On average, research analysts forecast that GFL Environmental will post 1.6545901 earnings per share for the current fiscal year.

Insider Transactions at GFL Environmental

In other news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 43,931 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$54.83, for a total transaction of C$2,408,604.94. In related news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 43,931 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$54.83, for a total value of C$2,408,604.94. Also, Senior Officer Mindy Beth Gilbert sold 6,698 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$54.39, for a total transaction of C$364,304.22. Insiders sold a total of 987,224 shares of company stock worth $48,703,272 in the last three months. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lowered shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Scotiabank upgraded shares of GFL Environmental to a “strong-buy” rating in a research note on Friday, October 4th.

Check Out Our Latest Analysis on GFL

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.

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Dividend History for GFL Environmental (TSE:GFL)

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