Waste Connections Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

Waste Connections has declared a quarterly cash dividend of $0.205 per common share, payable on September 1, 2021, to shareholders on record by August 18, 2021. This decision reflects the Board's ongoing commitment to returning value to shareholders, with a stated intention to review quarterly dividends each October and potentially increase them in the future. Shareholders' dividends will be distributed in U.S. or Canadian dollars based on their registration with respective depositaries.

Positive

• Quarterly cash dividend of $0.205 per share enhances shareholder income.
• Board's intention to potentially increase dividends over time demonstrates confidence in financial health.

Negative

• None.

TORONTO, Aug. 4, 2021 /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 of $0.205 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on September 1, 2021 to shareholders of record at the close of business on August 18, 2021.  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 August 18, 2021. 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 is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, along with resource recovery primarily through recycling and renewable fuels generation.  The Company serves more than seven million residential, commercial and industrial customers in mostly exclusive and secondary markets across 43 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., as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.  For more information, visit Waste Connections at www.wasteconnections.com.  

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     
maryannew@wasteconnections.com

Joe Box / (832) 442-2153   
joe.box@wasteconnections.com

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SOURCE Waste Connections, Inc.

FAQ

What is the dividend amount declared by Waste Connections?

Waste Connections declared a quarterly cash dividend of $0.205 per share.

When will the dividend be paid to Waste Connections shareholders?

The dividend will be paid on September 1, 2021.

What is the record date for receiving the dividend from Waste Connections?

Shareholders must be on record by August 18, 2021, to receive the dividend.

Will Waste Connections increase its dividend in the future?

The Board intends to review the quarterly dividend every October with a long-term goal of increasing it.

In what currency will the dividend be paid to shareholders?

Dividends will be paid in U.S. dollars or Canadian dollars depending on the shareholder's registration.