Republic Services, Inc. Increases Quarterly Dividend to $0.425 Per Share
Republic Services has announced a 5% increase in its quarterly dividend, now set at $0.425 per share, to be paid on October 15, 2020, for shareholders of record by October 1, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Republic Services has announced a 5% increase in its quarterly dividend, now set at $0.425 per share, to be paid on October 15, 2020, for shareholders of record by October 1, 2020. This increase reflects the company’s strong cash flow and long-standing commitment to return value to shareholders, having increased the annual dividend for 16 consecutive years. CEO Donald W. Slager emphasized the company's sound capital allocation practices and business resilience.
Positive
- 5% increase in quarterly dividend to $0.425 per share.
- 16 consecutive years of annual dividend growth.
- Strong cash flow supporting shareholder returns.
Negative
- None.
Details
News Market Reaction – RSG
The recorded move for RSG in the trading session of this news was +0.22%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PHOENIX, July 29, 2020 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) announced today that its Board of Directors has approved a 2-cent increase in the Company's regular quarterly dividend. The quarterly dividend of
"We are raising the dividend by 5 percent which demonstrates the strength of our cash flow and commitment to efficiently return cash to shareholders," said Donald W. Slager, chief executive officer. "The annual dividend per share has increased 16 consecutive years, which reflects the consistency of our capital allocation practice and resiliency of our business."
About Republic Services
Republic Services, Inc. is an industry leader in U.S. recycling and non-hazardous solid waste disposal. Through its subsidiaries, Republic's collection operations, transfer stations, recycling centers, landfills, and environmental services provide effective solutions to make responsible recycling and waste disposal effortless for its customers across the country. Its 36,000 employees are committed to providing a superior experience while fostering a sustainable Blue Planet® for future generations to enjoy a cleaner, safer and healthier world. For more information, visit RepublicServices.com, or follow us at Facebook.com/RepublicServices, @RepublicService on Twitter and @republic_services on Instagram.
View original content to download multimedia:http://www.prnewswire.com/news-releases/republic-services-inc-increases-quarterly-dividend-to-0-425-per-share-301102503.html
SOURCE Republic Services, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.