Key Highlights

  • Republic Services' $0.670 quarterly dividend, a 4.5-cent increase, has an October 2, 2026 ex-dividend date and is payable October 15.
  • Second-quarter revenue was $4,430 million versus $4,235 million, and net income was $566 million, or $1.84 per diluted share.
  • Adjusted EPS, a non-GAAP measure, was $1.85 versus $1.77, and first-half adjusted free cash flow was $1.58 billion.
  • Year-to-date cash returned to shareholders was $1.04 billion, including $651 million of share repurchases and $385 million of dividends paid.

Overview

Republic Services, Inc.'s (NYSE:RSG) $0.670 quarterly dividend yields 1.26% and sits beside second-quarter diluted EPS of $1.84 and adjusted EPS of $1.85. The Board approved the 4.5-cent increase on July 28, 2026, which the company describes as an increase of approximately 7 percent in the quarterly dividend.

Dividend Program and Shareholder Returns

On July 28, 2026, Republic's Board approved a 4.5-cent increase in the regular quarterly dividend to $0.670 per share. It is payable October 15, 2026 to shareholders of record on October 2.

Year-to-date cash returned to shareholders of $1.04 billion included $385 million of dividends paid and $651 million of share repurchases.

About the Company

Republic Services is a recycling and waste company headquartered in Phoenix, Arizona. Its second-quarter results include Environmental Solutions revenue and recycled commodity sales. The average recycled commodity price per ton sold at its recycling centers was $136 in the quarter.

Financial Performance Behind the Payout

Republic reported second-quarter revenue of $4,430 million versus $4,235 million, an increase of 4.6%. First-half revenue was $8,544 million versus $8,244 million. Operating income was $901 million versus $861 million, and first-half operating income was $1,731 million versus $1,665 million.

Net income was $566 million, or $1.84 per diluted share, versus $550 million, or $1.75, with a net income margin of 12.8%. Adjusted net income was $569 million, or $1.85 per diluted share, versus $556 million, or $1.77. Adjusted EBITDA was $1.42 billion, with a margin of 32.1%, consistent with the prior year. Core price on total revenue increased revenue by 5.3%.

First-half cash from operations was $2.38 billion, and adjusted free cash flow was $1,583 million versus $1,420 million.

Acquisitions and an Increased Outlook

Republic invested approximately $860 million in acquisitions in the first half, and management said it has since closed nearly $1.2 billion in acquisition investments, all included in updated guidance. The company attributed the guidance increase to higher recycling commodity prices, incremental acquisitions and higher fuel recovery fees.

Outlook

Republic's full-year 2026 guidance is revenue of $17.200 billion to $17.300 billion, adjusted EBITDA of $5.525 billion to $5.550 billion, cash from operations of $4.485 billion to $4.560 billion and adjusted free cash flow of $2.540 billion to $2.575 billion. Adjusted EPS guidance was updated to $7.23 to $7.28. Pricing, recycled commodity prices and fuel recovery fees are the items management cited.