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WASTE CONNECTIONS ANNOUNCES 10.5% INCREASE IN QUARTERLY DIVIDEND

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Waste Connections (WCN) has announced a 10.5% increase in its quarterly cash dividend, raising it from $0.285 to $0.315 per common share. The dividend will be paid on November 21, 2024 to shareholders of record as of November 7, 2024. U.S. shareholders will receive payments in USD, while Canadian shareholders will receive payments in CAD based on the Bank of Canada's exchange rate on November 7, 2024. The Board plans to review the dividend annually in October with a long-term goal of continued increases.

Waste Connections (WCN) ha annunciato un aumento del 10,5% del suo dividendo in contante trimestrale, portandolo da $0,285 a $0,315 per azione comune. Il dividendo sarà pagato il 21 novembre 2024 agli azionisti registrati al 7 novembre 2024. Gli azionisti statunitensi riceveranno pagamenti in USD, mentre gli azionisti canadesi riceveranno pagamenti in CAD in base al tasso di cambio della Banca del Canada al 7 novembre 2024. Il Consiglio prevede di riesaminare il dividendo annualmente in ottobre con l'obiettivo a lungo termine di aumenti continui.

Waste Connections (WCN) ha anunciado un aumento del 10.5% en su dividendo en efectivo trimestral, elevándolo de $0.285 a $0.315 por acción ordinaria. El dividendo se pagará el 21 de noviembre de 2024 a los accionistas registrados al 7 de noviembre de 2024. Los accionistas de EE.UU. recibirán pagos en USD, mientras que los accionistas canadienses recibirán pagos en CAD según el tipo de cambio del Banco de Canadá el 7 de noviembre de 2024. La Junta planea revisar el dividendo anualmente en octubre con el objetivo a largo plazo de aumentos continuos.

Waste Connections (WCN)가 분기 현금 배당금을 10.5% 인상한다고 발표하며, 이를 $0.285에서 $0.315로 상향 조정합니다. 배당금은 2024년 11월 21일에 2024년 11월 7일 기준 주주에게 지급됩니다. 미국 주주는 USD로 지급받고, 캐나다 주주는 2024년 11월 7일 기준 캐나다은행의 환율에 따라 CAD로 지급받습니다. 이사회는 매년 10월 배당금을 검토할 계획이며, 지속적인 인상을 위한 장기 목표를 가지고 있습니다.

Waste Connections (WCN) a annoncé une augmentation de 10,5% de son dividende trimestriel en espèces, le faisant passer de 0,285 $ à 0,315 $ par action ordinaire. Le dividende sera payé le 21 novembre 2024 aux actionnaires inscrits au 7 novembre 2024. Les actionnaires américains recevront des paiements en USD, tandis que les actionnaires canadiens recevront des paiements en CAD en fonction du taux de change de la Banque du Canada le 7 novembre 2024. Le Conseil prévoit d'examiner le dividende chaque année en octobre avec un objectif à long terme d'augmentations continues.

Waste Connections (WCN) hat eine 10,5%-Erhöhung seiner vierteljährlichen Barausschüttung bekannt gegeben, die von 0,285 $ auf 0,315 $ pro Stammaktie angehoben wird. Die Ausschüttung wird am 21. November 2024 an die Aktionäre ausgezahlt, die am 7. November 2024 im Aktienregister stehen. US-Aktionäre erhalten Zahlungen in USD, während kanadische Aktionäre Zahlungen in CAD entsprechend dem Wechselkurs der Bank von Kanada am 7. November 2024 erhalten. Der Vorstand plant, die Ausschüttung jährlich im Oktober zu überprüfen, mit dem langfristigen Ziel, die Erhöhungen fortzusetzen.

Positive
  • 10.5% increase in quarterly dividend from $0.285 to $0.315 per share
  • Board's commitment to long-term dividend growth through annual reviews
  • Strong market presence serving 9 million customers across 46 U.S. states and 6 Canadian provinces
  • Diversified revenue streams including waste collection, disposal, and recycling services
Negative
  • None.

TORONTO, Oct. 23, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend on the Company's common shares and approved a 10.5% increase in the dividend. The regular quarterly cash dividend, which increases to $0.315 U.S. per common share of the Company from $0.285 U.S. per common share of the Company, will be paid on November 21, 2024 to shareholders of record on the close of business on November 7, 2024. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend.

Shareholders of Waste Connections whose common shares are held by a bank or broker that participates in U.S. depositary DTC will receive payment of their dividends in U.S. dollars. Shareholders of Waste Connections whose common shares are held by a bank or broker that participates in Canadian depositary CDS will receive payment of their dividends in Canadian dollars, calculated based on the Bank of Canada's daily average exchange rate on November 7, 2024. Shareholders of Waste Connections who hold their shares in direct registration with Computershare, the Company's transfer agent, will receive payment of their dividends in Canadian dollars if they are residents of Canada, as reflected in Waste Connections' shareholders register, and will receive their dividend payments in U.S. dollars if they are not residents of Canada, including if they are residents of the U.S.

About Waste Connections

Waste Connections (wasteconnections.com) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance ("ESG") efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit wasteconnections.com/sustainability for more information and updates on our progress towards targeted achievement.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 ("PSLRA"), including "forward-looking information" within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections' current beliefs and expectations regarding future events and operating performance. These forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "intends," "may," "might," "will," "could," "should" or "anticipates," or the negative thereof or comparable terminology, or by discussions of strategy. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable Canadian securities laws. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about the timing and amount of cash dividends. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company's filings with the SEC and the securities commissions or similar regulatory authorities in Canada. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.

CONTACT:


Mary Anne Whitney / (832) 442-2253

Joe Box / (832) 442-2153

maryannew@wasteconnections.com

joe.box@wasteconnections.com

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SOURCE Waste Connections, Inc.

FAQ

When will Waste Connections (WCN) pay its increased quarterly dividend?

Waste Connections will pay the increased quarterly dividend of $0.315 per share on November 21, 2024, to shareholders of record as of November 7, 2024.

How much did Waste Connections (WCN) increase its quarterly dividend in 2024?

Waste Connections increased its quarterly dividend by 10.5%, from $0.285 to $0.315 per common share.

In what currency will Waste Connections (WCN) pay dividends to Canadian shareholders?

Canadian shareholders will receive dividends in Canadian dollars, calculated using the Bank of Canada's daily average exchange rate on November 7, 2024.

How often does Waste Connections (WCN) review its dividend policy?

The Board reviews the quarterly dividend each October, with a long-term objective of increasing the dividend amount.

Waste Connections, Inc.

NYSE:WCN

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Waste Management
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