July 21, 2026 a 11:31 am
RSG: Dividend Analysis - Republic Services, Inc.
The dividend profile of Republic Services, Inc. reflects a stable and reliable income source for investors. With 24 years of uninterrupted dividend history, the company showcases a remarkable commitment to returning value to shareholders. However, the relatively low dividend yield of 1.15% suggests this stock might suit investors seeking gradual growth rather than high immediate income. The payout ratios indicate a comfortable coverage from both EPS and free cash flow, implying consistent future payouts.
📊 Overview
Republic Services, Inc. operates within a robust sector, maintaining a steady dividend payout over the years. The stable dividend history and the absence of recent cuts highlight its financial discipline.
| Criterion | Details |
|---|---|
| Sector | Waste Management |
| Dividend yield | 1.15% |
| Current dividend per share | 2.37 USD |
| Dividend history | 24 years |
| Last cut or suspension | None |
🗣️ Dividend History
Examining the dividend history reveals Republic Services's commitment to dividend payments. The company's ability to maintain or increase dividends even in challenging economic environments is noteworthy.
| Year | Dividend per Share (USD) |
|---|---|
| 2026 | 1.875 |
| 2025 | 2.365 |
| 2024 | 1.650 |
| 2023 | 2.060 |
| 2022 | 1.910 |
📈 Dividend Growth
Evaluating dividend growth is critical for understanding a company's potential to increase payouts in the future. Steady dividend growth often suggests consistent earnings growth.
| Time | Growth |
|---|---|
| 3 years | 7.38% |
| 5 years | 7.34% |
The average dividend growth is 7.34% over 5 years. This shows moderate but steady dividend growth.
🧮 Payout Ratio
Understanding the payout ratio helps assess the sustainability of the current dividend levels. Lower ratios indicate greater retained earnings for growth.
| Key figure | Ratio |
|---|---|
| EPS-based | 33.72% |
| Free cash flow-based | 28.06% |
With an EPS-based payout ratio of 33.72% and a free cash flow-based ratio of 28.06%, Republic Services is maintaining a conservative payout strategy, signaling a strong capacity for future dividend increases.
🧭 Cashflow & Capital Efficiency
Analyzing cash flow and capital efficiency offers insights into a company's capability to generate ample cash flow relative to its capital expenses, an essential element for sustained dividends and growth.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Free Cash Flow Yield | 3.64% | 3.29% | 3.81% |
| Earnings Yield | 3.24% | 3.23% | 3.32% |
| CAPEX to Operating Cash Flow | 43.23% | 47.13% | 45.09% |
| Stock-based Compensation to Revenue | 0.12% | 0.26% | 0.27% |
| Free Cash Flow / Operating Cash Flow Ratio | 56.08% | 52.87% | 54.91% |
The capital efficiency and stable cash flow ratios indicate a well-managed financial environment, supporting Republic Services's ability to fund its dividend payouts while supporting growth initiatives.
📊 Balance Sheet & Leverage Analysis
The balance sheet and leverage ratios provide insights into financial robustness and risk, impacting the company's long-term ability to sustain its dividend policy.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Debt-to-Equity | 0.05 | 1.14 | 1.24 |
| Debt-to-Assets | 0.02 | 0.40 | 0.42 |
| Debt-to-Capital | 0.05 | 0.53 | 0.55 |
| Net Debt to EBITDA | 0.10 | 2.70 | 2.99 |
| Current Ratio | 0.64 | 0.58 | 0.56 |
| Quick Ratio | 0.64 | 0.56 | 0.54 |
| Financial Leverage | 2.87 | 2.84 | 2.98 |
The leverage metrics indicate a moderate level of financial risk, yet the company maintains enough liquidity to manage its obligations effectively.
📉 Fundamental Strength & Profitability
Examining the fundamental metrics indicates the company's ability to generate profit relative to its size and market valuation, steering investor confidence.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Return on Equity | 17.87% | 17.91% | 16.42% |
| Return on Assets | 6.22% | 6.31% | 5.51% |
| Margins: Net | 12.89% | 12.74% | 11.57% |
| Margins: EBIT | 19.09% | 18.60% | 18.18% |
| Margins: EBITDA | 30.72% | 29.73% | 28.87% |
| Margins: Gross | 41.96% | 30.55% | 29.56% |
Republic Services demonstrates solid profitability and cost management, enhancing its position to continue delivering shareholder returns.
📈 Price Development
✅ Dividend Scoring System
An individualized scoring system evaluates the overall dividend health of Republic Services, Inc.
| Category | Score | Visual Score |
|---|---|---|
| Dividend yield | 3 | |
| Dividend Stability | 5 | |
| Dividend growth | 4 | |
| Payout ratio | 4 | |
| Financial stability | 4 | |
| Dividend continuity | 5 | |
| Cashflow Coverage | 4 | |
| Balance Sheet Quality | 4 |
Total Score: 33/40
💡 Rating
Republic Services, Inc., with an aggregate score of 33 out of 40, indicates a robust dividend profile that is both reliable and promising for long-term growth investors, supporting a Hold rating.
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