Waste Management, Inc. Announces Quarterly Dividend of $0.95 (NYSE:WM)

Waste Management, Inc. (NYSE:WM) announced a quarterly dividend on Monday, May 11th. Investors of record on Friday, June 5th will be given a dividend of 0.945 per share by the business services provider on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, June 5th.

Waste Management has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Waste Management has a payout ratio of 44.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Waste Management to earn $9.17 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 41.2%.

Waste Management Stock Performance

NYSE WM opened at $214.19 on Tuesday. The stock has a market cap of $86.01 billion, a P/E ratio of 31.00, a PEG ratio of 2.25 and a beta of 0.49. The company’s 50-day simple moving average is $231.19 and its 200 day simple moving average is $222.90. Waste Management has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 earnings per share. As a group, research analysts forecast that Waste Management will post 8.15 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.