Republic Services, Inc. Increases Quarterly Dividend to $0.425 Per Share

Rhea-AI Summary

Republic Services has announced a 5% increase in its quarterly dividend, now set at $0.425 per share, to be paid on October 15, 2020, for shareholders of record by October 1, 2020. This increase reflects the company’s strong cash flow and long-standing commitment to return value to shareholders, having increased the annual dividend for 16 consecutive years. CEO Donald W. Slager emphasized the company's sound capital allocation practices and business resilience.

Positive

• 5% increase in quarterly dividend to $0.425 per share.
• 16 consecutive years of annual dividend growth.
• Strong cash flow supporting shareholder returns.

Negative

• None.

PHOENIX, July 29, 2020 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) announced today that its Board of Directors has approved a 2-cent increase in the Company's regular quarterly dividend. The quarterly dividend of $0.425 per share will be paid on October 15, 2020, to shareholders of record on October 1, 2020.

"We are raising the dividend by 5 percent which demonstrates the strength of our cash flow and commitment to efficiently return cash to shareholders," said Donald W. Slager, chief executive officer. "The annual dividend per share has increased 16 consecutive years, which reflects the consistency of our capital allocation practice and resiliency of our business."

About Republic Services

Republic Services, Inc. is an industry leader in U.S. recycling and non-hazardous solid waste disposal. Through its subsidiaries, Republic's collection operations, transfer stations, recycling centers, landfills, and environmental services provide effective solutions to make responsible recycling and waste disposal effortless for its customers across the country. Its 36,000 employees are committed to providing a superior experience while fostering a sustainable Blue Planet^® for future generations to enjoy a cleaner, safer and healthier world. For more information, visit RepublicServices.com, or follow us at Facebook.com/RepublicServices, @RepublicService on Twitter and @republic_services on Instagram.

 

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SOURCE Republic Services, Inc.

FAQ

What is the new dividend amount for Republic Services (RSG)?

The new quarterly dividend amount for Republic Services is $0.425 per share.

When will Republic Services pay its next dividend?

Republic Services will pay its next dividend on October 15, 2020.

What is the record date for the dividend payment by Republic Services?

The record date for the dividend payment is October 1, 2020.

How long has Republic Services been increasing its dividend?

Republic Services has increased its annual dividend for 16 consecutive years.