Waste Management: Dividend Stock Analysis

Waste Management, Inc. (WM) provides integrated waste management services in North America. The company offers collection, transfer, recycling, disposal, and waste-to-energy services. This dividend challenger has increased distributions for the past 7 years in a row. The latest dividend increase was in December 2009, when the company raised distributions by 8.60% to 31.50 cents/share.Over the past decade this dividend growth stock has delivered an annualized total return of 8.20% to its shareholders.The company has managed to deliver increase in its EPS from a deficit of $0.16/share in 2000 to a profit of $2.01 in 2009. Analysts expect Waste Management to earn $2.05 per share in 2010 and $2.30/share in 2011.The company is a leader in waste management in the US. The waste the consumers generate would likely increase in the future, which should bode well for business. Future growth could also come from strategic acquisitions. The company also generates sufficient excess cash flows that it uses to cover distributions and stock buybacks.... Read more

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