GFL Environmental Inc. Announces Quarterly Dividend

Rhea-AI Summary

GFL Environmental has announced a cash dividend of US$0.011 per subordinate and multiple voting share for Q2 2021. This dividend will be paid on July 30, 2021 to shareholders on record as of July 19, 2021. GFL, one of North America's largest environmental services firms, employs over 15,000 individuals and operates extensively throughout Canada and 27 U.S. states. The company has designated this dividend as an eligible dividend under the Canadian Income Tax Act, emphasizing its commitment to returning value to shareholders.

Positive

• Cash dividend of US$0.011 per share announced.
• Dividend to be paid on July 30, 2021, enhancing shareholder value.

Negative

• Future dividends subject to Board discretion, introducing uncertainty.

VAUGHAN, ON, July 8, 2021 /PRNewswire/ - The Board of Directors of GFL Environmental Inc. (NYSE: GFL), (TSX: GFL) ("GFL" or the "Company") today announced that it has declared a cash dividend of US$0.011 for each outstanding subordinate voting share and multiple voting share of the Company for the second quarter of 2021.  

The cash dividend will be paid on July 30, 2021 to shareholders of record at the close of business on July 19, 2021.  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 27 states in the United States. Across its organization, GFL has a workforce of more than 15,000 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.  

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SOURCE GFL Environmental Inc.

FAQ

What is the dividend amount declared by GFL?

GFL has declared a cash dividend of US$0.011 per share.

When will the GFL dividend be paid?

The dividend will be paid on July 30, 2021.

What is the record date for GFL's dividend?

The record date for the dividend is July 19, 2021.

Are GFL's dividends eligible under Canadian tax law?

Yes, the dividend is designated as an eligible dividend under the Income Tax Act of Canada.

What should investors know about future dividends from GFL?

Future dividends remain at the discretion of GFL's Board of Directors.