TORONTO, April 26, 2017 /PRNewswire/ -- 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 $0.18 U.S. per common share of the Company.
The regular quarterly cash dividend will be paid on May 24, 2017, to shareholders of record at the
close of business on May 10,
2017. 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 May 10,
2017. 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 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 six million residential, commercial,
industrial, and exploration and production customers in 39 states
in the U.S., and five provinces in Canada. Waste Connections also provides
intermodal services for the 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 securities commissions or similar
regulatory authorities in Canada
free of charge at the SEC's website, www.sec.gov, and at the System
for Electronic Document Analysis and Retrieval (SEDAR) 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) and
"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 filings that have been made by the Company with the U.S.
Securities and Exchange Commission 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:
|
|
Worthing Jackman /
(832) 442-2266
|
Mary Anne Whitney /
(832) 442-2253
|
worthingj@wasteconnections.com
|
maryannew@wasteconnections.com
|
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SOURCE Waste Connections, Inc.