GFL Environmental Increases Quarterly Dividend by 10%

GFL Environmental Inc. has announced a 10% increase in its quarterly cash dividend, raising it from $0.014 to $0.0154 per share, effective April 30, 2025. This marks the fifth consecutive year of dividend increases for the company, which is a significant player in the environmental services sector in North America. Analysts, including Truist Securities, have responded positively, raising the company's price target from $54 to $58, citing strong EBITDA margin expansion and robust free cash flow growth. The firm notes that GFL is poised for continued growth, with expectations of its revenue potentially exceeding guidance by 200 basis points, achieving a 13% compound annual growth rate. The market sentiment remains favorable as GFL's stock demonstrates resilience and strategic potential for future expansion. Overall, GFL's financial strategies and operational performance are positioning it for a promising trajectory in the industry.