Waste Management, Inc. (NYSE:WM) Plans $0.94 Quarterly Dividend

Key Points

• Waste Management declared a quarterly dividend of $0.945 per share, payable September 25 to shareholders of record on September 11, representing an annualized yield of approximately 1.7%.
• The company has increased its dividend for 22 consecutive years, with a 44.0% payout ratio; analysts expect earnings to comfortably cover its projected $3.78 annual dividend.
• Waste Management’s latest quarterly earnings were $2.02 per share, exceeding estimates of $1.98, while revenue rose 4.0% year over year to $6.68 billion, slightly below expectations.

Waste Management, Inc. (NYSE:WM - Get Free Report) announced a quarterly dividend on Monday, August 24th. Investors of record on Friday, September 11th will be paid a dividend of 0.945 per share by the business services provider on Friday, September 25th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th.

Waste Management has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Waste Management has a dividend payout ratio of 44.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Waste Management to earn $9.04 per share next year, which means the company should continue to be able to cover its $3.78 annual dividend with an expected future payout ratio of 41.8%.

Waste Management Trading Up 1.1%

NYSE:WM opened at $226.46 on Tuesday. The business's 50-day moving average is $228.25 and its two-hundred day moving average is $227.80. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. Waste Management has a 12 month low of $194.11 and a 12 month high of $248.13. The firm has a market capitalization of $90.52 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 2.83 and a beta of 0.44.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. The firm's quarterly revenue was up 4.0% on a year-over-year basis. Research analysts predict that Waste Management will post 8.13 earnings per share for the current fiscal year.

Waste Management Company Profile

Waste Management, Inc NYSE: WM is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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