Waste Management hikes dividend by 10%
Waste Management (WM), a leading provider of comprehensive waste management services in North America, has announced a 10% increase to its quarterly dividend, raising it to $0.825 per share. This marks the 21st consecutive year of dividend increases for the company, showcasing its commitment to returning value to shareholders. At the current stock price of $209, WM’s dividend yield is 1.4%.
The newly announced dividend is scheduled to be paid on March 1, 2025. Last year, WM raised its dividend by 15.4%, reflecting a consistent pattern of robust shareholder returns. With this latest hike, the company continues to strengthen its reputation for stability and growth in dividend payouts.
About Waste Management
Waste Management, headquartered in Houston, Texas, is the largest waste management and environmental services company in North America. The company provides collection, transfer, recycling, and disposal services to residential, commercial, industrial, and municipal customers. WM operates an extensive network of landfills, recycling facilities, and transfer stations, which positions it as a key player in sustainable waste solutions.
The company has focused heavily on sustainability initiatives, including investments in renewable energy projects such as landfill gas-to-energy systems and advanced recycling technologies. These efforts align with its broader strategy of environmental stewardship and support for a circular economy.
Key Highlights of WM’s Dividend History
21 Consecutive Years of Growth: The latest increase continues a more than two-decade-long tradition of annual dividend hikes.
Significant Returns to Shareholders: In addition to dividends, WM has a track record of share repurchases, further underscoring its shareholder-focused approach.
Stable Yield: With a 1.4% dividend yield at its current stock price, WM’s payouts remain a dependable income source for investors, complemented by the company’s long-term growth trajectory.
WM’s ability to consistently grow its dividend reflects its solid financial performance and disciplined capital allocation strategy. Shareholders can look forward to continued value as the company maintains its leadership in the waste management sector while advancing its sustainability goals.
