GFL Environmental Inc. Announces Quarterly Dividend

Rhea-AI Summary

GFL Environmental (NYSE: GFL) has announced a quarterly cash dividend of US$0.014 per subordinate and multiple voting share for Q2 2024. The dividend is payable on July 31, 2024, to shareholders recorded by July 15, 2024. This dividend is categorized as an eligible dividend under Canada's Income Tax Act.

Positive

• GFL announced a cash dividend of US$0.014 per share for Q2 2024.
• The dividend payment date is set for July 31, 2024, reflecting the company's confidence.
• The dividend is classified as an eligible dividend, potentially offering tax benefits to shareholders.

Negative

• The dividend amount of US$0.014 per share is relatively low, which might not significantly attract investors seeking higher returns.

VAUGHAN, ON, July 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 cash dividend of US$0.014 for each outstanding subordinate voting share and multiple voting share of the Company for the second quarter of 2024.

The cash dividend will be paid on July 31, 2024 to shareholders of record at the close of business on July 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 

View original content to download multimedia:https://www.prnewswire.com/news-releases/gfl-environmental-inc-announces-quarterly-dividend-302189550.html

SOURCE GFL Environmental Inc.

FAQ

What is the dividend amount announced by GFL Environmental for Q2 2024?

GFL Environmental announced a dividend of US$0.014 per subordinate and multiple voting share for Q2 2024.

When is the dividend payment date for GFL Environmental's Q2 2024 dividend?

The dividend payment date is July 31, 2024.

What is the record date for GFL Environmental's Q2 2024 dividend?

The record date for the dividend is July 15, 2024.

What does it mean that GFL's Q2 2024 dividend is classified as an eligible dividend?

An eligible dividend means it qualifies for favorable tax treatment under Canada’s Income Tax Act.