GFL Environmental Inc. Announces 10% Increase to Quarterly Dividend

Rhea-AI Summary

GFL Environmental has declared a 10% increase in its quarterly cash dividend for subordinate and multiple voting shares, rising from US$0.011 to US$0.012 per share. This dividend will be paid on April 29, 2022, to shareholders of record by April 18, 2022. The company has classified this dividend as an eligible dividend under the Canadian Income Tax Act. Headquartered in Vaughan, Ontario, GFL is a leading environmental services company with over 18,000 employees across North America.

Positive

• 10% increase in quarterly dividend from US$0.011 to US$0.012 per share.
• Dividend payment set for April 29, 2022, signaling company confidence.

Negative

• None.

VAUGHAN, ON, April 7, 2022 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a 10% increase to the regular quarterly cash dividend on the Company's subordinate voting and multiple voting shares.

The regular quarterly cash dividend, which increases from US$0.011 per share to US$0.012 per share, will be paid on April 29, 2022 to shareholders of record at the close of business on April 18, 2022.  The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada).

About GFL

GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services through its platform of facilities throughout Canada and in more than half of the U.S. states. Across its organization, GFL has a workforce of more than 18,000 employees.

Forward Looking Statements

This release includes certain "forward-looking statements", which are not guarantees or assurances of future performance. Because forward-looking statements are related to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. GFL undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws. The declaration, timing, amount and payment of any future dividends remains at the discretion of GFL's Board of Directors.  

For more information: 
Patrick Dovigi 
+1 905-326-0101 
pdovigi@gflenv.com

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SOURCE GFL Environmental Inc.

FAQ

What is the new dividend amount for GFL Environmental Inc.?

GFL Environmental Inc. has raised its quarterly dividend from US$0.011 to US$0.012 per share.

When will GFL Environmental Inc. pay its next dividend?

The next dividend will be paid on April 29, 2022.

What is the record date for GFL's dividend payment?

The record date for GFL's dividend payment is April 18, 2022.

Is GFL's dividend eligible under Canadian tax regulations?

Yes, GFL has designated the dividend as an eligible dividend under the Canadian Income Tax Act.