US Ecology Inc (NASDAQ:ECOL) announced a quarterly dividend on Friday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 17th will be paid a dividend of 0.18 per share by the business services provider on Friday, January 24th. This represents a $0.72 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, January 16th.
US Ecology has a dividend payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect US Ecology to earn $2.14 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 33.6%.
NASDAQ:ECOL traded down $0.53 during trading hours on Wednesday, reaching $53.98. 194,549 shares of the company traded hands, compared to its average volume of 143,361. US Ecology has a 1-year low of $53.37 and a 1-year high of $67.24. The firm’s 50-day moving average is $55.84 and its 200-day moving average is $59.55. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market cap of $1.20 billion, a P/E ratio of 23.78 and a beta of 0.59.
Several research analysts recently weighed in on ECOL shares. BidaskClub lowered US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. UBS Group set a $63.00 target price on US Ecology and gave the stock a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research lowered US Ecology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 16th. Finally, ValuEngine lowered US Ecology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th.
US Ecology Company Profile
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
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