WM Announces Plan to Increase its Dividend Rate and a New Share Repurchase Authorization

WM (NYSE: WM) today announced that its Board of Directors has approved a 7.7% increase in the planned quarterly dividend rate for 2023, from $0.65 to $0.70 per share. The annual dividend rate increase from $2.60 to $2.80 per share marks the twentieth consecutive year of dividend rate increases. The Company also received authorization from its Board of Directors to repurchase up to $1.5 billion of the Company’s common stock. This new authorization replaces our prior $1.5 billion authorization that was fully utilized in 2022.... Read more

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