GFL Environmental Inc. Declares Fourth Quarter 2024 Dividend
Toronto, Thursday, 2 January 2025.
GFL Environmental Inc. will pay a cash dividend of USD 0.014 per share on January 31, 2025, highlighting strong financial health and shareholder commitment.
Dividend Details and Timeline
GFL Environmental Inc. (NYSE: GFL) (TSX: GFL), a leading North American environmental services provider, has announced its quarterly dividend for shareholders [1][2]. The Board of Directors has declared a cash dividend of USD 0.014 for each outstanding subordinate voting share and multiple voting share [1]. Shareholders of record at the close of business on January 13, 2025, will receive the payment on January 31, 2025 [2]. The company has designated this as an eligible dividend under the Income Tax Act (Canada) [2].
Company Profile and Market Position
Headquartered in Vaughan, Ontario, GFL Environmental stands as the fourth largest diversified environmental services company in North America [2][4]. With a workforce exceeding 20,000 employees [2], the company provides comprehensive environmental services including solid waste management, liquid waste management, and soil remediation services across Canada and more than half of the U.S. states [4]. The company’s current market capitalization stands at USD 17.54 billion [4].
Dividend Performance and Metrics
The company’s dividend strategy reflects a measured approach to shareholder returns. The annual dividend amounts to USD 0.05 per share [5], with a dividend yield of 0.11% [5]. GFL’s dividend metrics show a payout ratio of -3.76% based on earnings and 1.38% based on cash flow [5], indicating careful management of shareholder distributions while maintaining financial flexibility for growth initiatives.