RALEIGH, N.C., April 3 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services company,
today announced that its Board of Directors declared a quarterly dividend.
The dividend of $0.09 per share is payable April 21, 2006 to shareholders of
record at the close of business on April 10, 2006.
Jim W. Perry, President and Chief Executive Officer, stated, "We are
pleased to pay a $0.09 per share dividend based on our strong performance in
the fourth quarter of 2005 and our sustained cash flow for 2005."
This dividend was declared in keeping with the Board's previously
announced policy to consider paying cash dividends on a quarterly rather than
a semi-annual basis and is an increase over the prior dividend rate. The
payment of the dividend was delayed from the first quarter of 2006 until the
Company could complete the negotiations of its recently amended revolving
credit facility, which increased the Company's ability to pay cash dividends.
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, Mississippi, Georgia and
Florida.
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, economic trends, weather conditions, managing growth, risks in
the development and operation of landfills 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
Company News On-Call:
http://www.prnewswire.com/comp/120685.html
CONTACT:
Carol Dalton of Waste Industries USA, Inc.,
+1-919-325-3000
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