Republic Services (RSG) DIvidends Date & History

Key Takeaways

• Republic Services offers a forward dividend yield of 1.21%, providing modest income in the stable waste management sector.
• Quarterly dividend recently increased to $0.63 per share, reflecting ongoing commitment to shareholders.
• 22 consecutive years of dividend increases, establishing it as a reliable dividend growth stock.
• Payout ratio of 35.18% and strong free cash flow (FCF) coverage support long-term sustainability.
• Recent ex-dividend date was April 2, 2026, with payment on April 15, 2026.
• Dividend profile competitive among peers, appealing to conservative income investors.

Dividend Overview

Republic Services (RSG), a leading provider of non-hazardous solid waste collection, transfer, disposal, and recycling services, maintains a quarterly dividend policy with a forward annual payout of $2.50 per share, yielding 1.21% based on recent trading levels. The most recent quarterly dividend of $0.63 per share was declared with an ex-dividend date of April 2, 2026, and payment on April 15, 2026. This positions RSG as a dividend growth stock rather than a high-yield play, emphasizing consistent increases over yield maximization. With a history of reliable payments supported by recurring revenue streams in an essential industry, the dividend appeals to investors seeking stability and moderate growth.

Dividend History and Growth

Republic Services has demonstrated remarkable dividend consistency, increasing its payout for 22 consecutive years. Quarterly dividends have grown steadily from $0.04 per share in 2004 to the current $0.63, with annual totals rising from $0.24 then to over $2.50 forward. The five-year compound annual growth rate (CAGR) stands at approximately 7.8%, outpacing inflation and reflecting disciplined capital allocation. No dividend cuts have occurred in over two decades, underscoring a long-term strategy of sharing growing cash flows with shareholders amid operational expansions and acquisitions.

Dividend Sustainability and Payout Ratio

The dividend's sustainability is robust, with a trailing payout ratio of 35.18%, leaving ample room for reinvestment and resilience against downturns. Trailing twelve-month (TTM) levered FCF of $1.77 billion comfortably covers the approximate $760 million annual dividend obligation (based on market cap and yield). Operating cash flow of $4.3 billion further bolsters coverage. While total debt-to-equity stands at 115.35%, the company's essential services generate predictable revenues, supporting a profit margin of 12.89% and return on equity of 18.30%. These metrics indicate strong financial health for ongoing dividend support.

Dividend Compared to Industry Peers

In the waste management and disposal services industry, RSG's 1.21% forward yield is competitive but trails larger peer WM (Waste Management), which offers around 1.50-1.65%. WCN (Waste Connections) yields lower at about 0.81%, reflecting its growth focus. RSG sits in the middle, balancing yield with superior growth history compared to peers, making it attractive for those prioritizing consistency over maximum income.

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Is This Stock Attractive for Dividend Investors?

Republic Services (RSG) suits dividend growth investors who prioritize steady increases and low payout ratios over high yields. Its 22-year streak and 7-8% historical growth rate appeal to those building long-term portfolios in defensive sectors like waste management, where recession-resistant demand ensures stability. Conservative investors may value the modest 1.21% yield backed by strong FCF and earnings coverage, minimizing cut risks. However, income seekers chasing 3%+ yields might look elsewhere, as RSG emphasizes total returns via capital appreciation alongside dividends. The stock's profile fits balanced portfolios seeking reliability without excessive volatility, though sector dynamics like regulatory changes warrant monitoring.

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