Republic Services Increases Quarterly Dividend By 7% To $0.235 Per Share - Republic Servs (NYSE:RSG)

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Republic Services, Inc. (NYSE: RSG) announced today that its board of directors has approved a one and one-half cent increase in the Company's regular quarterly dividend. The quarterly dividend of $0.235 per share will be paid on October 15, 2012 to stockholders of record on October 1, 2012.Donald W. Slager, president and chief executive officer, said, "Our board of directors raised the quarterly dividend by approximately 7% to $0.235 per share. Republic has had a dividend in place since 2003 and we maintain a balanced approach to investing in our business, maintaining a strong capital structure and growing cash returns to our owners."

27% profit every 20 days?

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