Waste Management, Inc. (WM) to Distribute Quarterly Dividend of $0.94 on September 25th

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

Waste Management has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 22 years. Waste Management has a payout ratio of 44.0% indicating that its dividend is sufficiently covered by earnings. 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%.

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Waste Management Trading Down 1.9%

Shares of Waste Management stock opened at $222.17 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 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The business has a 50 day moving average price of $228.32 and a 200 day moving average price of $227.77. The company has a market capitalization of $88.81 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.86 and a beta of 0.44.

Waste Management (NYSE:WM – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the business posted $1.92 earnings per share. Waste Management’s revenue was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Waste Management will post 8.13 EPS for the current fiscal year.

About Waste Management

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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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