Bill Gates increases stake in Republic Services via Cascade Investment
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Bill Gates used Cascade Investment to increase his stake in Republic Services. Between August 28 and September 11, Cascade Investment acquired 3.06 million shares. This brings Bill Gates' total ownership of Republic Services to 117.05 million shares, which is over 38% of all outstanding common shares.
From ibtimes.co.uk
Why it matters
Republic Services recently raised its quarterly dividend to $0.67 per share. The investment signals a focus on steady income streams, and Republic Services benefits from contractual pricing tied to inflation indexes and 4.6% year-over-year revenue growth.
Bill Gates has been establishing a portfolio through Cascade Investment.
From ibtimes.co.uk, yahoo.com
Who's involved
- Bill GatesAcquired a significant ownership stake in Republic Services.
- Cascade InvestmentThe investment vehicle used to increase Bill Gates' stake in Republic Services.
- RepublicThe waste management firm that recently raised its dividend and saw the stake increase.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Cascade InvestmentSpeculative
Cascade Investment might see an increase in portfolio value from the successful investment.
Keep exploring
The entities involved
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Bill Gates
American businessman, investor, and philanthropist (born 1955)
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Cascade Investment
American holding and investment company
Nothing else this week.
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Republic
former LIRR rail station stop in the state of New York, USA