RALEIGH, N.C., March 22 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services
company, today announced that its Board of Directors approved a 20%
increase in the Company's quarterly dividend.
The dividend will increase from $0.10 to $0.12 per share of common
stock and is payable April 16, 2007 to shareholders of record at the close
of business on April 2, 2007. The dividend increase raises the annual
dividend to $0.48 per share of common stock.
Jim W. Perry, President and Chief Executive Officer, stated, "Based on
our strong performance in 2006 and our continued positive free cash flow,
we are pleased to reward our shareholders with this increase in our
quarterly dividend payment. This is the fourth time over the past two years
our Board of Directors has approved a dividend increase and reflects their
continued confidence in our strategic initiatives."
Waste Industries USA, Inc. is a vertically integrated solid waste
services company that provides collection, transfer, disposal and recycling
services to commercial, industrial and residential customer locations in
the states of North Carolina, South Carolina, Virginia, Tennessee, Georgia
and Mississippi.
This press release contains forward-looking statements under the
Private Securities Litigation Reform Act of 1995 about expectations and
assumptions about the payment of future dividends. The Company's cash
dividend policy and the payment of future cash dividends under that policy
are subject to the continuing determination by the Board of Directors that
the policy remains in the best interests of the Company's shareholders and
in compliance with laws applicable to the declaration and payment of cash
dividends and financial and other covenants contained in the Company's
revolving credit facility. Factors that could affect the Board's decision
on dividends include risks and uncertainties that could affect the
Company's operations, such as increases in fuel prices, risks in the
development and operation of landfills, economic trends, weather
conditions, managing growth and other risks set forth from time to time in
the Company's SEC filings.
SOURCE Waste Industries USA, Inc.
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Related links:
http://www.waste-ind.com/
http://www.prnewswire.com/comp/120685.html/
CONTACT:
Carol Dalton of Waste Industries USA, Inc.,
+1-919-325-3000
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