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

Waste Management, Inc. (NYSE:WM) declared a quarterly dividend on Thursday, November 13th. Stockholders of record on Friday, December 5th will be paid a dividend of 0.825 per share by the business services provider on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, December 5th.

Waste Management has increased 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 38.4% meaning 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 $3.30 annual dividend with an expected future payout ratio of 37.7%.

Waste Management Stock Performance

Shares of WM traded up $2.98 during mid-day trading on Friday, hitting $207.49. 1,039,063 shares of the company traded hands, compared to its average volume of 1,718,981. The stock has a market cap of $83.59 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 2.51 and a beta of 0.62. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. Waste Management has a 1 year low of $194.11 and a 1 year high of $242.58. The stock has a 50-day moving average price of $213.09 and a two-hundred day moving average price of $224.56.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Equities analysts anticipate that Waste Management will post 7.7 earnings per share for the current 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.