Republic Services (RSG) will raise its quarterly dividend by 8.0 percent to $0.405 per share in 2019. This marks the 17th consecutive year of dividend increases by the waste collection company.

The next dividend will be paid on October 15, 2019, to shareholders of record on October 1, 2019.

A new annual rate of $1.62 per share yields 1.8% at a stock price of $90.29.

"We are raising our quarterly dividend by 8 percent," said Donald W. Slager, chief executive officer. "This is the tenth consecutive year we've increased our dividend, demonstrating our confidence in future cash flows and commitment to increase cash returned to shareholders."

Republic Services, Inc. is a U.S. provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. Apart from collection operations RSG also operates transfer stations, landfills, recycling processing centers, treatment, recovery and disposal facilities and salt water disposal wells. Republic Services is engaged in landfill gas-to-energy and renewable energy projects and has post-closure responsibility for closed landfills. RSG was incorporated in Delaware in 1996 and has paid a dividend since 2003. The company has operations in the United States and Puerto Rico.