TORONTO, Oct. 28, 2019 /CNW/ -- Waste Connections, Inc.
(TSX/NYSE: WCN) ("Waste Connections" or the "Company") today
announced that its Board of Directors has declared a 15.6% increase
in the regular quarterly cash dividend on the Company's common
shares. The regular quarterly cash dividend, which increases
from $0.16 U.S. per common share of
the Company to $0.185 U.S. per common
share of the Company, will be paid on November 26, 2019, to shareholders of record on
the close of business on November 12,
2019. 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 November 12,
2019. 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, disposal and recycling services in
mostly exclusive and secondary markets in the U.S. and Canada. Through its R360 Environmental
Solutions subsidiary, Waste Connections is also a leading provider
of non-hazardous oilfield waste treatment, recovery and disposal
services in several of the most active natural resource producing
areas in the United States,
including the Permian, Bakken and Eagle Ford Basins. Waste
Connections serves more than seven million residential, commercial,
industrial, and exploration and production customers in 42 states
in the U.S., and six provinces in Canada. The Company also provides intermodal
services for the movement of cargo and solid waste containers in
the Pacific Northwest.
For more information, visit the Waste Connections website at
www.wasteconnections.com. Copies of financial literature,
including this release, are available on the Waste Connections
website or through contacting us directly at either (905) 532-7510
or (832) 442-2200. Investors can also obtain these materials
and other documents filed with the U.S. Securities and Exchange
Commission ("SEC") and the Canadian securities regulators free of
charge at the SEC's website, www.sec.gov, and at the System
for Electronic Document Analysis and Retrieval maintained by the
Canadian Securities Administrators at www.sedar.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 are often identified by the words "may," "might,"
"believes," "thinks," "expects," "estimate," "continue," "intends"
or other words of similar meaning. All of the forward-looking
statements included in this press release are made pursuant to the
safe harbor provisions of the PSLRA and applicable securities laws
in Canada. 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, possibly
materially, from those indicated by 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
View original content to download
multimedia:http://www.prnewswire.com/news-releases/waste-connections-announces-15-6-increase-in-quarterly-dividend-300946419.html
SOURCE Waste Connections, Inc.