|Bid||0.00 x 1300|
|Ask||0.00 x 1100|
|Day's Range||33.08 - 33.70|
|52 Week Range||12.27 - 35.53|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2021|
|Forward Dividend & Yield||0.04 (0.13%)|
|Ex-Dividend Date||Apr 16, 2021|
|1y Target Est||N/A|
GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that certain entities affiliated with BC Partners Advisors L.P., Ontario Teachers' Pension Plan Board, GIC Private Limited and HPS Investment Partners, LLC (collectively, the "Selling Shareholders"), have entered into an agreement with BMO Capital Markets, RBC Capital Markets and Scotiabank (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase on a bought deal basis an aggregate of 17,500,000 subordinate voting shares (the "Shares") held by the Selling Shareholders at an offering price of US$33.95 per Share (the "Offering Price") for total gross proceeds to the Selling Shareholders of US$594,125,000 (the "Offering"). GFL will not receive any proceeds from the Offering.
GFL Environmental increased its quarterly cash dividend by 10% to $0.011 per share on the company’s subordinate and multiple voting shares. GFL Environmental (GFL) announced that the new dividend will be paid on April 30 to shareholders of record as of April 19. Shares of the waste management company declined 1.8% to close at $34.63 on April 7. The company’s annual dividend of $0.044 per share now reflects a dividend yield of 0.13%. GFL Environmental is scheduled to report its first-quarter 2021 financial results on May 5, 2021. (See GFL Environmental stock analysis on TipRanks) On April 7, Goldman Sachs analyst Jerry Revich initiated coverage of the stock with a Hold rating and a price target of $37 (6.8% upside potential) following the company’s acquisition spree but believes the shares are trading at a premium valuation. The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 6 Buys and 4 Holds. The average analyst price target of $36 implies 4% upside potential to current levels. Shares have increased 55% over the past six months. Related News: Cathay General To Buy Back $75M In Stock HarborOne Bumps Up Quarterly Dividend By 66.7%; Shares Gain 2% Vipshop To Buy Back $500M In Stock; Shares Pop 9% More recent articles from Smarter Analyst: Valens Inks Supply And Distribution Deal With Manitoba Liquor And Lotteries GoDaddy Registry Snaps Up 30 Domains And Select Assets From Mind + Machines Group Thursday’s Pre-Market: Here’s What You Need To Know Before The Market Opens KKR Snaps Up Majority Stake In Therapy Brands
GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a 10% increase to the regular quarterly cash dividend on the Company's subordinate and multiple voting shares.