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

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

Waste Management has raised its dividend payment by an average of 0.1%per year 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% meaning 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 Price Performance

Shares of WM stock opened at $226.46 on Tuesday. Waste Management has a 52 week low of $194.11 and a 52 week high of $248.13. The stock has a market capitalization of $90.52 billion, a PE ratio of 32.08, a PEG ratio of 2.83 and a beta of 0.44. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. The stock’s fifty day moving average is $228.25 and its 200-day moving average is $227.80.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the business posted $1.92 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts expect that Waste Management will post 8.13 EPS for the current fiscal year.

About Waste Management

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.