
Waste Connections, Inc.
WCNIndustrials · Waste Management · Stock · quarterly payer
Forward Yield
0.83%
Annual Dividend
$1.40
Payout Ratio
33%
5-Yr Growth
10.6%
Ex-Date
Aug 6, 2026
Frequency
Quarterly
Key facts about WCN's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Waste Connections, Inc. (WCN) has a forward dividend yield of 0.83%, based on an annual dividend of $1.40 per share and a share price of $167.90.
- As of Oct 18, 2026, WCN's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Waste Connections, Inc. (WCN) has raised its dividend for 15 consecutive years as of Oct 18, 2026.
- WCN has never cut its regular dividend in the payment history SmarterDividends has on record.
- WCN's most recent ex-dividend date was Aug 6, 2026, for a dividend of $0.35 per share.
- As of Oct 18, 2026, WCN pays out 33% of its trailing 12-month earnings as dividends (its payout ratio).
- WCN's dividend has grown at an average rate of 10.6% a year over the past five years.
- As of Oct 18, 2026, WCN's 0.83% yield is 24% above its five-year average yield of 0.67%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for WCN is $106.46 per share, 37% below the $167.90 share price, so WCN screens as overvalued.
- Waste Connections, Inc. (WCN) pays its dividend quarterly, 4 times a year.
- Waste Connections, Inc. (WCN) has raised its regular dividend 15 times and cut it 0 times across the 62 payments on record since 2010. Its most recent change was a 11.1% increase to $0.350 per share, going ex-dividend on Feb 25, 2026.
Cite this page
SmarterDividends, "WCN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/WCN
Summary
As of Oct 18, 2026, Waste Connections, Inc. (WCN) yields 0.83% ($1.40 a year per share), has a dividend safety grade of A (88/100) and has 15 consecutive years of dividend increases on record.
Is WCN a good dividend stock?
YesWaste Connections, Inc. (WCN) pays a quarterly dividend yielding 0.83% ($1.40/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (33%)
- Strong 10.6% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.83%
- Payout Ratio
- 33%
- Annual Dividend
- $1.40
- 5-Yr Avg Growth
- 10.6%
- Ex-Dividend Date
- Aug 6, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 0.48
- Market Cap
- $42.2B
- P/E Ratio
- 40.6
- 5-Yr Total Return
- 26%
- 52-Week Range
- $146.89 – $179.74
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
WCN dividend raises and cuts
Waste Connections, Inc. (WCN) has raised its regular dividend 15 times and cut it 0 times across the 62 payments on record since 2010. Its most recent change was a 11.1% increase to $0.350 per share, going ex-dividend on Feb 25, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 25, 2026 | Raise | $0.315 → $0.350 | +11.1% |
| Nov 7, 2024 | Raise | $0.285 → $0.315 | +10.5% |
| Nov 7, 2023 | Raise | $0.255 → $0.285 | +11.8% |
| Nov 15, 2022 | Raise | $0.230 → $0.255 | +10.9% |
| Nov 8, 2021 | Raise | $0.205 → $0.230 | +12.2% |
| Nov 9, 2020 | Raise | $0.185 → $0.205 | +10.8% |
| Nov 8, 2019 | Raise | $0.160 → $0.185 | +15.6% |
| Nov 9, 2018 | Raise | $0.140 → $0.160 | +14.3% |
| Nov 7, 2017 | Raise | $0.120 → $0.140 | +16.7% |
| Nov 3, 2016 | Raise | $0.0967 → $0.120 | +24.1% |
| Nov 5, 2015 | Raise | $0.0867 → $0.0967 | +11.5% |
| Oct 31, 2014 | Raise | $0.0767 → $0.0867 | +13.0% |
Show all 15 changes since 2011
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 1, 2013 | Raise | $0.0667 → $0.0767 | +15.0% |
| Nov 1, 2012 | Raise | $0.0600 → $0.0667 | +11.1% |
| Oct 31, 2011 | Raise | $0.0500 → $0.0600 | +20.0% |
Frequently Asked Questions
Is WCN a good dividend stock?
Yes. Waste Connections, Inc. (WCN) pays a quarterly dividend yielding 0.83% ($1.40/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is WCN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WCN's fair value is about $106.46 versus a $167.90 share price — so it looks overvalued (-37% vs. fair value).
Is WCN's dividend safe?
WCN has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 15-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is WCN's fair value?
Our blended fair-value estimate for WCN is about $106.46 per share, about 37% below the current $167.90 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is WCN a buy, hold, or sell?
We don't issue formal ratings, but on the data WCN screens as "yes" and overvalued. Waste Connections, Inc. (WCN) pays a quarterly dividend yielding 0.83% ($1.40/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will WCN cut its dividend?
WCN earns a dividend-safety grade of A (88/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does WCN pay a dividend?
Yes. Waste Connections, Inc. pays a quarterly dividend of about $1.40 per share annually, a forward yield of roughly 0.83%.
What is WCN's dividend yield?
As of Oct 18, 2026, WCN's forward dividend yield is 0.83%, based on a $1.40 annual dividend and a $167.90 share price.
What is WCN's dividend per share?
As of Oct 18, 2026, WCN pays $1.40 per share per year, distributed on a quarterly basis.
What is WCN's dividend payout ratio?
As of Oct 18, 2026, WCN's payout ratio is 33% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has WCN grown its dividend?
As of Oct 18, 2026, WCN has increased its dividend for 15 consecutive years.
When is the next WCN ex-dividend date?
As of Oct 18, 2026, WCN's next ex-dividend date hasn't been announced. The most recent was Aug 6, 2026, for $0.35 per share.
WCN Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
+24%
5 Years
+26%
52-Week Range
$146.89 – $179.74
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WCN worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Waste Connections, Inc. is $106.46 per share, versus a market price of $167.90. That implies 37% of downside.
Fair Value
$106.46
Current Price
$167.90
Downside
-37%
Margin of Safety
-58%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 17.4% annual free-cash-flow growth. We model 10.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 10.9% growth for five years fading to 2.5% over the next five, $4.14 EPS, $1.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WCN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full WCN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 6, 2026 | Aug 20, 2026 | $0.3500 | regular |
| May 6, 2026 | May 21, 2026 | $0.3500 | regular |
| Feb 25, 2026 | Mar 12, 2026 | $0.3500 | regular |
| Aug 6, 2025 | Aug 21, 2025 | $0.3150 | regular |
| May 7, 2025 | May 22, 2025 | $0.3150 | regular |
| Feb 27, 2025 | Mar 13, 2025 | $0.3150 | regular |
| Nov 7, 2024 | Nov 21, 2024 | $0.3150 | regular |
| Aug 7, 2024 | Aug 22, 2024 | $0.2850 | regular |
| May 7, 2024 | May 23, 2024 | $0.2850 | regular |
| Feb 27, 2024 | Mar 13, 2024 | $0.2850 | regular |
| Nov 7, 2023 | Nov 28, 2023 | $0.2850 | regular |
| Aug 15, 2023 | Aug 30, 2023 | $0.2550 | regular |
| May 9, 2023 | May 24, 2023 | $0.2550 | regular |
| Feb 28, 2023 | Mar 15, 2023 | $0.2550 | regular |
Income Calculator
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