Waste Connections, Inc.’s board of directors has declared a 16.7 percent increase in the regular quarterly cash dividend on the company’s common shares. The regular quarterly cash dividend, which increases from $0.12 U.S. per common share of the company to $0.14 U.S. per common share of the company, were paid on November 22, 2017, to shareholders of record on the close of business on November 8, 2017. 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.
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.
Published in the December 2017 Edition of American Recycler News
