Waste Management, Inc. (NYSE:WM) Announces Quarterly Dividend of $0.83

Key Points

• Waste Management, Inc. has announced a quarterly dividend of $0.83 per share, with payments scheduled for September 26th to shareholders of record as of September 12th, offering an annualized yield of 1.4%.
• The company reported a 19.0% increase in revenue year-over-year, totaling $6.43 billion for the last quarter, and exceeded earnings estimates by posting $1.92 per share.
• Sitting at a market cap of $92.42 billion, Waste Management maintains a dividend payout ratio of 38.4%, indicating strong earnings support for its current dividend policy.

Waste Management, Inc. (NYSE:WM - Get Free Report) declared a quarterly dividend on Friday, August 22nd, RTT News reports. Shareholders of record on Friday, September 12th will be given a dividend of 0.825 per share by the business services provider on Friday, September 26th. This represents a c) annualized dividend and a yield of 1.5%.

Waste Management has a payout ratio of 38.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Waste Management to earn $8.76 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 37.7%.

Waste Management Price Performance

WM stock traded down $2.6670 during trading on Friday, hitting $226.9430. 1,331,593 shares of the company's stock traded hands, compared to its average volume of 1,869,840. Waste Management has a 52 week low of $199.69 and a 52 week high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The business has a fifty day simple moving average of $229.28 and a 200 day simple moving average of $229.85. The stock has a market capitalization of $91.42 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 2.78 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the business earned $1.82 earnings per share. Waste Management's quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts expect that Waste Management will post 7.7 EPS for the current fiscal year.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.