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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Waste Management, Inc. (NYSE:WM) is included among the 12 Most Promising Dividend Stocks According to Wall Street Analysts.
Waste Management, Inc. (NYSE:WM), the largest provider of waste collection, recycling, and landfill services in North America, offers a solid combination of stability and growth. Its vast scale, long-term contracts, and essential operations generate steady cash flows that support consistent dividend growth over time. The company’s contract-based model has proven resilient across different economic conditions. It is also expanding its reach by investing in recycling and renewable natural gas projects, both of which are durable industries that can strengthen profitability in the years ahead.
Waste Management, Inc. (NYSE:WM) has a strong track record of supporting its dividend through business growth. In the second quarter, the company’s core collection and disposal operations, including household pickup, commercial routes, and landfills, achieved a 7.1% YoY increase in revenue. Overall, total revenue rose 19% to around $6.4 billion, partly driven by the late 2024 acquisition of Stericycle, a company specializing in medical waste management and secure information destruction.
Waste Management, Inc. (NYSE:WM) has increased its dividend for 22 consecutive years, reflecting its steady financial performance and commitment to shareholders. The company’s quarterly dividend comes in at $0.825 per share and has a dividend yield of 1.50%, as of October 8.
While we acknowledge the potential of WM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 14 Best Food Dividend Stocks To Buy According to Analysts and Dividend Champions List: Top 15 Stocks to Buy.
Disclosure: None.
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