GFL Environmental Inc. (GFL) To Go Ex-Dividend on July 15th

GFL Environmental Inc. (NYSE:GFLGet Free Report) declared a quarterly dividend on Thursday, July 4th, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.014 per share on Wednesday, July 31st. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Monday, July 15th.

GFL Environmental has increased its dividend by an average of 19.4% annually over the last three years. GFL Environmental has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect GFL Environmental to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 5.7%.

GFL Environmental Price Performance

Shares of GFL Environmental stock opened at $39.33 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84. GFL Environmental has a 52-week low of $26.87 and a 52-week high of $40.27. The company has a fifty day moving average of $34.99 and a 200-day moving average of $34.52. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 61.17 and a beta of 1.16.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GFL shares. Royal Bank of Canada began coverage on GFL Environmental in a research note on Monday, April 8th. They set an “outperform” rating and a $46.00 price objective on the stock. TD Cowen raised their price target on GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Jefferies Financial Group boosted their price objective on GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.08.

Get Our Latest Stock Analysis on GFL Environmental

About GFL Environmental

(Get Free Report)

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.

Further Reading

Dividend History for GFL Environmental (NYSE:GFL)

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