GFL Environmental Inc. Announces 10% Increase to Quarterly Dividend

Rhea-AI Summary

GFL Environmental Inc. raises its quarterly cash dividend by 10% to US$0.014 per share, payable on April 30, 2024, to shareholders of record on April 15, 2024.

Positive

• GFL Environmental Inc. increases its regular quarterly cash dividend by 10%.
• The dividend rises from US$0.013 per share to US$0.014 per share.
• Shareholders of record on April 15, 2024, will receive the dividend on April 30, 2024.
• The Company designates the dividend as an eligible dividend under the Income Tax Act (Canada).

Negative

• None.

VAUGHAN, ON, April 4, 2024 /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$0.013 per share to US$0.014 per share, will be paid on April 30, 2024 to shareholders of record at the close of business on April 15, 2024.  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 solid waste management, liquid waste management and soil remediation 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 20,000 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 quarterly cash dividend per share for GFL Environmental Inc. after the increase?

The new quarterly cash dividend per share for GFL Environmental Inc. is US$0.014 after the 10% increase.

When will the increased dividend be paid to shareholders of GFL Environmental Inc.?

The increased dividend will be paid on April 30, 2024, to shareholders of record on April 15, 2024.

How has the Company designated the increased dividend?

The Company has designated the increased dividend as an eligible dividend within the meaning of the Income Tax Act (Canada).