Waste collection company Republic Services (RSG) will raise its quarterly dividend by 8.2 percent to 46 cents per share in 2021. This comes after a dividend hike of 4.9 percent to 42.5 cents per share in 2020 and marks 17 consecutive years of dividend increases.

The next quarterly dividend of $0.46 per share will be paid on October 15, 2021, to shareholders of record on October 1, 2021. A new annual rate of $1.84 per share yields 1.6% at a stock price of $118. The next ex-dividend date for RSG stock is September 30, 2021.

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.