News for Republic Services
Feb 12 · 11:05:00 PM
Republic Services declared a regular quarterly dividend in the amount of $.19 per share payable April 15, 2010 to shareholders of record on April 1, 2010.
At today''s $26.03 stock price the dividend yield is 2.92%.
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by Michael Oliveto
Feb 12 · 11:02:00 PM · Source: Reuters
Republic Services reported for the full year 2009 earnings of $495 million, or $1.30 per share, on sales of $8.199 billion. That compares to the prior year earnings of $73 million, or $.38 per share, on sales of $3.685 billion.
"We are pleased to report that we have exceeded our original 2009 guidance for
earnings, free cash flow and margins," said James E. O'Connor, Chairman and
Chief Executive Officer of Republic Services, Inc. "We achieved annual run
rate synergy savings of $150 million, well ahead of our plan. During 2009,
we repaid $740 million of our debt. We also took advantage of the favorable
interest rate environment by issuing $1.25 billion of new debt and using the
proceeds to repay existing debt. Our strong operational and financial
performance during 2009 has left us well positioned for future success, as
evidenced by our double digit 2010 earnings growth guidance."
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by Michael Oliveto
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