TORONTO, July 29, 2019 /CNW/ -- Waste Connections,
Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today
announced that its Board of Directors has declared a regular
quarterly cash dividend of $0.16 U.S.
per common share of the Company. The regular quarterly cash
dividend will be paid on August 26,
2019, to shareholders of record at the close of business on
August 12, 2019. The Board
intends to review the quarterly dividend each October, with a
long-term objective of increasing the amount of the dividend.
Shareholders of Waste Connections whose common shares are held
by a bank or broker that participates in U.S. depositary DTC will
receive payment of their dividends in U.S. dollars.
Shareholders of Waste Connections whose common shares are held by a
bank or broker that participates in Canadian depositary CDS will
receive payment of their dividends in Canadian dollars, calculated
based on the Bank of Canada's
daily average exchange rate on August 12,
2019. Shareholders of Waste Connections who hold their
shares in direct registration with Computershare, the Company's
transfer agent, will receive payment of their dividends in Canadian
dollars if they are residents of Canada, as reflected in Waste Connections'
shareholders register, and will receive their dividend payments in
U.S. dollars if they are not residents of Canada, including if they are residents of the
U.S.
About Waste Connections
Waste Connections is an
integrated solid waste services company that provides non-hazardous
waste collection, transfer, disposal and recycling services in
mostly exclusive and secondary markets in the United States and Canada. Through its R360 Environmental
Solutions subsidiary, Waste Connections is also a leading provider
of non-hazardous oilfield waste treatment, recovery and disposal
services in several of the most active natural resource producing
areas in the United States,
including the Permian, Bakken and Eagle Ford Basins. Waste
Connections serves more than seven million residential, commercial,
industrial, and exploration and production customers in 42 states
in the U.S., and six provinces in Canada. Waste Connections also provides
intermodal services for the rail haul movement of cargo and solid
waste containers in the Pacific Northwest.
For more information, visit the Waste Connections website at
www.wasteconnections.com. Copies of financial literature,
including this release, are available on the Waste Connections
website or through contacting us directly at either (905) 532-7510
or (832) 442-2200. Investors can also obtain these materials
and other documents filed with the U.S. Securities and Exchange
Commission ("SEC") and the Canadian securities regulators free of
charge at the SEC's website, www.sec.gov, and at the System for
Electronic Document Analysis and Retrieval maintained by the
Canadian Securities Administrators at www.sedar.com.
Safe Harbor and Forward-Looking
Statements
This press release contains
forward-looking statements within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995 ("PSLRA"), including "forward-looking information" within the
meaning of applicable Canadian securities laws. These
forward-looking statements are neither historical facts nor
assurances of future performance and reflect Waste Connections'
current beliefs and expectations regarding future events and
operating performance. These forward-looking statements are often
identified by the words "may," "might," "believes," "thinks,"
"expects," "intends" or other words of similar meaning. All of the
forward-looking statements included in this press release are made
pursuant to the safe harbor provisions of the PSLRA and applicable
Canadian securities laws. Forward-looking statements involve risks
and uncertainties. Forward-looking statements in this press release
include, but are not limited to, statements about the timing and
amount of cash dividends. Important factors that could cause
actual results to differ materially from those in the
forward-looking statements include, but are not limited to, risk
factors detailed from time to time in the Company's filings with
the SEC and the securities commissions or similar regulatory
authorities in Canada. You should
not place undue reliance on forward-looking statements, which speak
only as of the date of this press release. Waste Connections
undertakes no obligation to update the forward-looking statements
set forth in this press release, whether as a result of new
information, future events, or otherwise, unless required by
applicable securities laws.
CONTACT:
Mary Anne Whitney / (832)
442-2253
maryannew@wasteconnections.com
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SOURCE Waste Connections, Inc.