Waste Management, Inc. (NYSE:WM) to Issue $0.83 Quarterly Dividend

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) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, December 5th.

Waste Management has raised its dividend 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 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 Up 1.1%

NYSE WM traded up $2.16 during trading on Friday, reaching $206.67. 680,006 shares of the company’s stock were exchanged, compared to its average volume of 1,716,764. The company has a 50 day moving average price of $213.09 and a two-hundred day moving average price of $224.56. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a market cap of $83.26 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. Waste Management has a 1 year low of $194.11 and a 1 year high of $242.58.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the previous year, the business posted $1.96 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate 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.