Republic Services Raises FY21 Guidance

(RTTNews) - Republic Services (RSG) Thursday raised its full-year 2021 financial guidance. The company now expects full-year adjusted earnings of $4.00 to $4.05 per share and its full-year adjusted free cash flow guidance to $1,450 million to $1,475 million.

Previously, Republic expected full-year adjusted earnings of $3.74 to $3.79 per share and its full-year adjusted free cash flow guidance to $1,350 million to $1,400 million.

Further, Republic's Board of Directors approved an increase in the quarterly dividend from $0.425 per share to $0.46 per share, which represents an increase of approximately 8 percent.

"We are raising our quarterly dividend by approximately 8 percent," Vander Ark said. "This is the seventeenth consecutive year we've increased our dividend, which demonstrates our commitment to efficiently return cash to shareholders."