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GFL EnvironmentalTSX:GFL -0.47%69 Dividend Payout Ratio is 0.26 as of Mar. 2026, which is 136% above its 10-year median of 0.11. GuruFocus rates TSX:GFL with a GF Score™ of 69/100 and a GF Value™ of C$59.35 (Fairly Valued). The stock has 4 warning signs investors should review. Among 101 Waste Management companies, GFL Environmental ranks better than 93.07% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. GFL Environmental's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.26.
The historical rank and industry rank for GFL Environmental's Dividend Payout Ratio or its related term are showing as below:
TSX:GFL'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.11 Max: 0.13
Current: 0.09
During the past 10 years, the highest Dividend Payout Ratio of GFL Environmental was 0.13. The lowest was 0.07. And the median was 0.11.
TSX:GFL's Dividend Payout Ratio is ranked better than 93.07% of 101
companies
in the Waste Management industry
Industry Median: 0.37
vs TSX:GFL: 0.09
During the past 12 months, GFL Environmental's average Dividends Per Share Growth Rate was 10.70% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 10.70% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 12.30% per year.
During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of GFL Environmental was 16.80% per year. The lowest was 8.10% per year. And the median was 10.70% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
GFL Environmental (TSX:GFL) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
GFL Environmental Dividend Payout Ratio Related Terms
GFL Environmental Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for GFL Environmental's Dividend Payout Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSX:GFL vs CLH, CWST, ONT: Dividend Payout Ratio Comparison
For the Waste Management subindustry, GFL Environmental's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
GFL Environmental Dividend Payout Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, GFL Environmental's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where GFL Environmental's Dividend Payout Ratio falls into.
GFL Environmental Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
GFL Environmental's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
GFL Environmental (TSX:GFL) has a Dividend Payout Ratio of 0.26 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on GFL Environmental and its competitors. This is 136% above median its historical median of 0.11. Over the past decade, GFL Environmental's Dividend Payout Ratio has ranged from 0.07 to 0.13. According to the industry distribution chart, GFL Environmental ranks #7 out of 101 companies in the Waste Management industry, placing it in the top 6.9%.
Is GFL Environmental's Dividend Payout Ratio too high?
GFL Environmental's current Dividend Payout Ratio of 0.26 is 136% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.13. The Waste Management industry median Dividend Payout Ratio is 0.37. GFL Environmental's value of 0.26 is 29.7% below this industry median. Based on the distribution chart, GFL Environmental ranks #7 out of 101 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, GFL Environmental has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GFL Environmental's Dividend Payout Ratio compare to CLH and CWST?
According to the Waste Management industry distribution chart, GFL Environmental ranks #7 out of 101 companies for Dividend Payout Ratio. This places GFL Environmental in the top 7% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.37. GFL Environmental's value of 0.26 is 29.7% below this benchmark. Historically, GFL Environmental's own Dividend Payout Ratio has ranged from 0.07 to 0.13 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.37, GFL Environmental has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Waste Management company?
The median Dividend Payout Ratio among Waste Management companies is 0.37, based on 101 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GFL Environmental's current Dividend Payout Ratio of 0.26 is 29.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on GFL Environmental and its competitors. For the Waste Management industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GFL Environmental's current Dividend Payout Ratio is 0.26, which is 136% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GFL Environmental stock overvalued right now?
Based on GuruFocus' analysis, GFL Environmental (TSX:GFL) is currently considered Fairly Valued. The stock's GF Value™ is C$59.35, compared to a current price of C$55.40 — trading 6.7% below its estimated fair value. The current Dividend Payout Ratio is 0.26, which is 136% above median its 10-year median of 0.11 and 29.7% below the Waste Management industry median of 0.37. GFL Environmental's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For GFL Environmental (TSX:GFL), the current Dividend Payout Ratio is 0.26 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is GFL Environmental (TSX:GFL) Overvalued in 2026?
Based on GuruFocus' analysis, GFL Environmental stock appears to be undervalued.
The current stock price of C$55.40 is trading 6.7% below its estimated GF Value™ of C$59.35.
GuruFocus considers GFL Environmental to be Fairly Valued.
Key valuation signals for TSX:GFL:
Dividend Payout Ratio: 0.26 (136% above median its 10-year median of 0.11)
GF Value™: C$59.35 vs. price of C$55.40 (6.7% below fair value)
Industry Position: 29.7% below the Waste Management median (#7 of 101)
No single metric tells the full story. See the TSX:GFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its Environmental Services business line includes liquid waste and soil remediation. The company's geographical segments are Canada and the United States. The company derives the majority of its revenue from the United States.
69GF Score
Get the complete analysis for TSX:GFL
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