Waste Management hikes dividend by 6.3%

Waste Management (WM) will raise its quarterly dividend by 6.3 percent to $0.545 per share in 2020. Last year the dividend was hiked by 10.2 percent marking the 16th consecutive year of higher dividend paid.

The increased dividend is payable March 20, 2020 to stockholders of record on March 6, 2020. A new annual dividend of $2.18 per share yields 1.7% at a stock price of $125.42.

Waste Management, based in Houston, Texas, is a provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also a developer, operator and owner of landfill gas-to-energy facilities in the United States. The company’s customers include residential, commercial, industrial, and municipal customers throughout North America.

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