Republic Services Declares Quarterly Dividend

TL;DR

RSG declared a $0.57/share dividend, payable Oct 4. Keep holding.

AI Summary

Republic Services, Inc. announced on July 24, 2024, that its Board of Directors has declared a quarterly cash dividend of $0.57 per share, payable on October 4, 2024, to stockholders of record as of September 6, 2024. This action reflects the company's ongoing commitment to returning value to its shareholders.

Why It Matters

The declaration of a consistent quarterly dividend signals financial stability and a commitment to shareholder returns, which can be a positive indicator for investors.

Risk Assessment

Risk Level: low — Dividend declarations are routine financial actions and typically carry low risk unless accompanied by other negative news.

Key Numbers

• $0.57 — Quarterly Dividend Per Share (Amount to be paid to shareholders for each share owned.)

Key Players & Entities

• Republic Services, Inc. (company) — Registrant
• $0.57 (dollar_amount) — Quarterly cash dividend per share
• October 4, 2024 (date) — Payment date for the dividend
• September 6, 2024 (date) — Record date for the dividend

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share RSG New York Stock Exchange
• $6.10 — uidance and expects to be in a range of $6.10 to $6.15 and adjusted diluted earnings
• $6.15 — nd expects to be in a range of $6.10 to $6.15 and adjusted diluted earnings per share
• $6.20 — s expected to be in a range of $6.15 to $6.20. Adjusted diluted earnings per share ex
• $3,890 million — ivities is expected to be in a range of $3,890 million to $3,950 million for the full year. Ad
• $3,950 million — d to be in a range of $3,890 million to $3,950 million for the full year. Adjusted free cash f
• $2,150 million — or 2024 is expected to be in a range of $2,150 million to $2,170 million. Adjusted free cash f
• $2,170 million — d to be in a range of $2,150 million to $2,170 million. Adjusted free cash flow consists of ca
• $1,780 million — , which is expected to be in a range of $1,780 million to $1,820 million, plus proceeds from t
• $1,820 m — d to be in a range of $1,780 million to $1,820 million, plus proceeds from the sale of p
• $20 m — property and equipment of approximately $20 million, and is exclusive of cash paid fo
• $0.580 — Company's regular quarterly dividend to $0.580 per share. A copy of this press release

Filing Documents

• rsg-20240724.htm (8-K) — 45KB
• exhibit991q22024.htm (EX-99.1) — 634KB
• exhibit992q224dividendincr.htm (EX-99.2) — 6KB
• image1.jpg (GRAPHIC) — 271KB
• rslogorgbverticala35.jpg (GRAPHIC) — 271KB
• 0001060391-24-000272.txt ( ) — 1578KB
• rsg-20240724.xsd (EX-101.SCH) — 2KB
• rsg-20240724_lab.xml (EX-101.LAB) — 21KB
• rsg-20240724_pre.xml (EX-101.PRE) — 12KB
• rsg-20240724_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition . 3

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. 3

01 Other Events

Item 8.01 Other Events. 3

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . 3

SIGNATURES

SIGNATURES 4 EX-99.1 EX-99.2 EX-104 2

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On July 24, 2024 , Republic Services, Inc. (the Company) issued a press release containing information about the Company's financial results for the three and six months ended June 30, 2024. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Full-Year 2024 Adjusted Diluted Earnings Per Share and Adjusted Free Cash Flow Guidance Our guidance is based on current economic conditions. The Company raised its full-year diluted earnings per share guidance and expects to be in a range of $6.10 to $6.15 and adjusted diluted earnings per share is expected to be in a range of $6.15 to $6.20. Adjusted diluted earnings per share excludes the impact of restructuring charges and (gain) loss on extinguishment of debt and other related costs. We believe that the presentation of adjusted diluted earnings per share provides an understanding of operational activities before the financial impact of certain items. We use this measure, and believe investors will find it helpful, in understanding the ongoing performance of our operations separate from items that have a disproportionate impact on our results for a particular period. We have incurred comparable charges, costs, and recoveries in prior periods, and similar types of adjustments can reasonably be expected to be recorded in future periods. Our definition of adjusted diluted earnings per share may not be comparable to similarly titled measures presented by other companies. Cash provided by operating activities is expected to be in a range of $3,890 million to $3,950 million for the full year. Adjusted free cash flow for 2024 is expected to be in a range of $2,150 million to $2,170 million. Adjusted free cash flow consists of cash provided by operating activities, less property and equipment received, which is expected to be in a range of $1,780 million to $1,820 million, plus proceeds from the sale of property and equipment of approximately $20 million, and is exclusive of cash paid for restructuring activities of approximately $20 million, net of tax. We believe that presenting adjusted free cash flow guidance provides useful information regarding our recurring cash provided by operating activities after certain expenditures

01 Other Events

Item 8.01 Other Events. On July 24, 2024 , the Company issued a press release announcing that its board of directors approved a 4.5-cent increase in the Company's regular quarterly dividend to $0.580 per share. A copy of this press release is filed as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release of Republic Services, Inc. issued July 24, 2024 to announce the financial results for the three and six months ended June 30, 2024. 99.2 Press release of Republic Services, Inc. issued July 24, 2024 to announce the Board of Director's approval of a 4.5-cent increase in the Company's regular quarterly dividend to $0.580 per share. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. REPUBLIC SERVICES, INC. Date: July 24, 2024 By: /s/ BRIAN D EL GHIACCIO Brian D el Ghiaccio Executive Vice President, Chief Financial Officer (Principal Financial Officer) Date: July 24, 2024 By: /s/ ELYSE M. CARLSEN Elyse M. Carlsen Vice President and Chief Accounting Officer (Principal Accounting Officer) 4

View Full Filing

View this 8-K filing on SEC EDGAR