Cash Dividend On The Way From Progressive Waste Solutions (BIN)

On 9/26/14, Progressive Waste Solutions Ltd. (TSX: BIN.TO) will trade ex-dividend, for its quarterly dividend of $0.16, payable on 10/15/14. As a percentage of BIN's recent stock price of $28.37, this dividend works out to approximately 0.56%, so look for shares of Progressive Waste Solutions Ltd. to trade 0.56% lower — all else being equal — when BIN shares open for trading on 9/26/14.

Below is a dividend history chart for BIN, showing historical dividends prior to the most recent $0.16 declared by Progressive Waste Solutions Ltd.:

BIN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BIN is likely to continue, and whether the current estimated yield of 2.26% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BIN shares, versus its 200 day moving average:

Progressive Waste Solutions Ltd. 200 Day Moving Average Chart

Looking at the chart above, BIN's low point in its 52 week range is $24.69 per share, with $29.22 as the 52 week high point — that compares with a last trade of $28.30.

In Wednesday trading, Progressive Waste Solutions Ltd. shares are currently up about 0.7% on the day.

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