Secure Waste Infrastructure (TSX:SES) Dividend Payout Ratio: 0.66 (As of Mar. 2026) — Near Median


TSX:SES Secure Waste Infrastructure Corp TSX:SES
50 GF Score
Price C$22.28
! 7 Warning Signs
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What is Secure Waste Infrastructure Dividend Payout Ratio?

Secure Waste Infrastructure TSX:SES -0.31% 50 Dividend Payout Ratio is 0.66 as of Mar. 2026, which is 1% below its 10-year median of 0.67. GuruFocus rates TSX:SES with a GF Score™ of 50/100. The stock has 7 warning signs investors should review. Among 100 Waste Management companies, Secure Waste Infrastructure ranks worse than 75% 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. Secure Waste Infrastructure's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.66.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Secure Waste Infrastructure Corp is 0.74, which seems too high.

The historical rank and industry rank for Secure Waste Infrastructure's Dividend Payout Ratio or its related term are showing as below:

TSX:SES' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.67   Max: 27
Current: 0.74

During the past 13 years, the highest Dividend Payout Ratio of Secure Waste Infrastructure was 27.00. The lowest was 0.18. And the median was 0.67.

TSX:SES's Dividend Payout Ratio is ranked worse than
75% of 100 companies
in the Waste Management industry
Industry Median: 0.38 vs TSX:SES: 0.74

As of today (2026-06-30), the Dividend Yield % of Secure Waste Infrastructure is 1.82%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Secure Waste Infrastructure was 28.94%. The lowest was 0.41%. And the median was 2.92%.

Secure Waste Infrastructure's Dividends per Share for the months ended in Mar. 2026 was C$0.11.

During the past 12 months, Secure Waste Infrastructure's average Dividends Per Share Growth Rate was 1.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 48.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 60.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Secure Waste Infrastructure was 137.10% per year. The lowest was -51.90% per year. And the median was 6.40% 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.

Secure Waste Infrastructure (TSX:SES) 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.

Secure Waste Infrastructure Dividend Payout Ratio Related Terms

Secure Waste Infrastructure Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Secure Waste Infrastructure'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.

Secure Waste Infrastructure Dividend Payout Ratio Chart

Secure Waste Infrastructure Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.18 0.59 0.64 0.70

Secure Waste Infrastructure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.70 9.09 0.43 0.66

TSX:SES vs WM, RSG, WCN: Dividend Payout Ratio Comparison

For the Waste Management subindustry, Secure Waste Infrastructure'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.

Secure Waste Infrastructure Dividend Payout Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Secure Waste Infrastructure's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Secure Waste Infrastructure's Dividend Payout Ratio falls into.


TSX:SES
50GF Score
Secure Waste Infrastructure Corp TSX:SES
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Secure Waste Infrastructure 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.

Secure Waste Infrastructure's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.4/ 0.57
=0.70

Secure Waste Infrastructure's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.105/ 0.16
=0.66

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.66 mean?
Secure Waste Infrastructure (TSX:SES) has a Dividend Payout Ratio of 0.66 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Secure Waste Infrastructure and its competitors. This is near median its historical median of 0.67. Over the past decade, Secure Waste Infrastructure's Dividend Payout Ratio has ranged from 0.18 to 27.00. According to the industry distribution chart, Secure Waste Infrastructure ranks #75 out of 100 companies in the Waste Management industry, placing it in the top 75%.
Is Secure Waste Infrastructure's Dividend Payout Ratio too high?
Secure Waste Infrastructure's current Dividend Payout Ratio of 0.66 is near median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 27.00. The Waste Management industry median Dividend Payout Ratio is 0.38. Secure Waste Infrastructure's value of 0.66 is 73.7% above this industry median. Based on the distribution chart, Secure Waste Infrastructure ranks #75 out of 100 companies in the Waste Management industry, which is below the industry midpoint. Overall, Secure Waste Infrastructure has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Secure Waste Infrastructure's Dividend Payout Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Secure Waste Infrastructure ranks #75 out of 100 companies for Dividend Payout Ratio. This places Secure Waste Infrastructure in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. Secure Waste Infrastructure's value of 0.66 is 73.7% above this benchmark. Historically, Secure Waste Infrastructure's own Dividend Payout Ratio has ranged from 0.18 to 27.00 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 0.38, Secure Waste Infrastructure has consistently been above 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 0.38, based on 100 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. Secure Waste Infrastructure's current Dividend Payout Ratio of 0.66 is 73.7% above 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 Secure Waste Infrastructure and its competitors. For the Waste Management industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secure Waste Infrastructure's current Dividend Payout Ratio is 0.66, which is near median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Waste Infrastructure stock overvalued right now?
Secure Waste Infrastructure (TSX:SES) has a current Dividend Payout Ratio of 0.66. The current Dividend Payout Ratio is 0.66, which is near median its 10-year median of 0.67 and 73.7% above the Waste Management industry median of 0.38. Secure Waste Infrastructure's overall GF Score™ is 50/100 with 7 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 Secure Waste Infrastructure (TSX:SES), the current Dividend Payout Ratio is 0.66 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.

Secure Waste Infrastructure Business Description

Other Exchanges SECYF:USASEP0:Germany
Address 2300, 225 - 6th Avenue SW, Brookfield Place, Calgary, AB, CAN, T2P 1N2
Secure Waste Infrastructure Corp operates in waste management and energy infrastructure business. The company operates in two segments: Waste Management, and Energy Infrastructure. The activities of the company include buying and selling crude oil and natural gas liquid products, capturing location, and other related activities. It generates the majority of its revenue from the Waste Management segment which includes a network of waste processing facilities, produced water pipelines, industrial landfills, and others. Energy Infrastructure includes a network of crude oil gathering pipelines, terminals, and storage facilities.
50GF Score

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C$22.28
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