S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Infrastructure

Higher Dividends in Garbage (WM, RSG)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Waste Management Inc. (NYSE: WM) has announced an increase to its quarterly dividend rate by about 8% this morning.  The old $0.315 per quarter dividend will now come to $0.34 per quarter.  This new dividend will generate a dividend yield, based on the $36.17 close on Wednesday, of 3.76% versus close to 3.50% before.

The Houston-based garbage and waste management giant will pay the dividend in March with a formal date to be announced soon.  This marks the 7th consecutive year of a dividend hike.

The move follows a similar dividend hike from Republic Services, Inc. (NYSE: RSG) a quarter ago after it hiked its quarterly payout to $0.20 from $0.19.  The rival dividend from Republic probably has a lot more room to rise as that rate is 2.66% per year.  Rival Republic was also listed recently as one of our ten stocks to hold for the next decade, and that pick was very very close to being Waste Management.

So far, there has been no pre-market boost to Waste Management shares.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
David Beren |

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
3 Reasons Retirees Should Not Enroll in Medicare Advantage for 2026
Don Lair |

3 Reasons Retirees Should Not Enroll in Medicare Advantage for 2026

Continue Reading

Jon C. Ogg |

Eight Big Dividend Hikes Expected Before 2013 Ends

ThinkstockInvestors love dividends, particularly safe and dependable dividends that rise through time. The S&P 500 Index currently has the most…
Jon C. Ogg |

The Next Big Dividend Hikes You Can Bank On This Summer

24/7 Wall St. has identified five coming dividend hikes that investors can bank on this summer -- though one of…
Jon C. Ogg |

Why We Wanted More in the Dividend Hike from Exxon Mobil

Jon OggEarlier today we had been predicting that a dividend hike was going to be announced by both Exxon Mobil…
Jon C. Ogg |

How Bad Are Things in the Garbage and Waste Management Sector? (WM, RSG, WCN, BIN, ECOL, VLO)

The garbage and waste management sector is supposed to be a futurist’s delight. There are generally large barriers to entry for new…
10 Stocks to Own for the Decade
Jon C. Ogg |

10 Stocks to Own for the Decade

24/7 Wall St. is revisiting a strategy that was first published in late 2010, and then again refreshed in 2015.…
Jon C. Ogg |

Get Ready for a Pfizer Dividend Hike… A Holiday Gift From Big Pharma (PFE, MRK, WPI, TEVA)

We recently gave a full review of the DJIA components we expect to raise their dividend payouts in the weeks…
Jon C. Ogg |

Twelve Major Dividend Hikes Expected Before the End of 2012

Most investors have discovered that earning less than 1% per year in short-term Treasuries or even less than 2% out in…
20 Bold Companies Raising Dividends Right Into the Recession
Jon C. Ogg |

20 Bold Companies Raising Dividends Right Into the Recession

Here are 20 bold companies that have defied the odds by raising their dividends, after already knowing they were facing…
Jon C. Ogg |

Waste Management Gets Big Analyst Nod After Pullback

ThinkstockWaste Management, Inc. (NYSE: WM) has likely found a new friend on Wall Street. The independent research firm Argus raised…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618