Republic Services Hikes Dividend 11%
Waste hauler Republic Servicesannounced yesterday its third-quarter dividend of $0.26 per share, a near 11% increase in the payout made to investors last quarter of $0.235 per share.
The board of directors said the quarterly dividend is payable on Oct. 15 to the holders of record at the close of business on Oct. 1. The waste hauler has made quarterly payout to investors since at least 2003.
Republic Services President and CEO Donald W. Slager said, "This action reflects Republic's continued commitment to increase cash returns to our stockholders, and our confidence in the strength of our business."
The regular dividend payment equates to a $1.04-per-share annual dividend, yielding 3% based on the closing price today of Republic Services' stock.
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