Waste Management, Inc. (WM) To Go Ex-Dividend on March 13th

Waste Management, Inc. (NYSE:WMGet Free Report) declared a quarterly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.945 per share by the business services provider on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, March 13th. This is a 14.5% increase from Waste Management’s previous quarterly dividend of $0.83.

Waste Management has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 22 years. Waste Management has a dividend payout ratio of 44.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Waste Management to earn $8.76 per share next year, which means the company should continue to be able to cover its $3.78 annual dividend with an expected future payout ratio of 43.2%.

Waste Management Trading Down 0.3%

NYSE:WM opened at $234.72 on Wednesday. Waste Management has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a fifty day moving average price of $228.70 and a two-hundred day moving average price of $220.05. The stock has a market capitalization of $94.67 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 2.60 and a beta of 0.57.

Waste Management (NYSE:WMGet Free Report) last issued its earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.Waste Management’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. As a group, sell-side analysts anticipate that Waste Management will post 7.7 earnings per share for the current fiscal year.

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Waste Management Company Profile

(Get Free Report)

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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Dividend History for Waste Management (NYSE:WM)

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