GFL Environmental

GFL Environmental shares fell after the company announced a sizeable acquisition in Western Canada, prompting investor concern over the equity used to fund the deal and integration risks. The stock weakened despite better-than-expected first-quarter results and an upward revision to full-year guidance. Fred Alger's Mid Cap Focus Fund cited GFL as a top detractor in Q2 performance due to the acquisition-related sell‑off. » More on finance.yahoo.com

GFL Environmental’s board increases the regular quarterly cash dividend from $0.0154 to $0.0169 per share, a 10% rise. It is the sixth consecutive year of a dividend increase; the dividend will be paid on April 30, 2026, to shareholders of record at the close of trading on April 13, 2026. The dividend was declared an “eligible dividend” under Canadian tax law. GFL is a diversified environmental services company with operations in Canada and 18 U.S. states; the stock has recently risen but, according to InvestingPro, is trading above its fair-value estimate. » More on de.investing.com

GFL Environmental has acquired Frontier Waste Solutions, a waste services company with 24 locations, over 650 vehicles and nearly 1,000 employees in Texas. Frontier CEO John Gustafson and other shareholders reinvested $100 million of the proceeds into GFL shares; Gustafson and the management team will remain as employees and shareholders. The transaction is part of a series of eight acquisitions year-to-date, which together are expected to contribute an annualized $425–450 million in revenue; the deal was financed through a credit facility, cash and the issuance of 2,582,463 subordinate voting shares. GFL plans to raise its 2026 guidance and aims for net leverage in the low- to mid-3x range. » More on de.investing.com