DivGro: Waste Management Dividend Increase


On 16 December, Waste Management (WM) increased its quarterly dividend by 10.00%, from 75¢ to 82.5¢ per share.

The dividend will be paid in March 2025.

WM’s contribution to DivGro’s projected annual dividend income will increase by $24 to $264.

I own 80 shares of WM at an average cost basis of $210.02 per share. Following this increase, my yield on cost is 1.57%. (WM’s forward yield is 1.60% at $206.50 per share). 

Since opening my position in July 2024, the stock has generated a total return of -1%, including $60 in dividend income. 

5-Year History of Dividend Payouts by Ex-Date

2019 2020 2021 2022 2023 2024
$2.05 $2.18 $2.30 $2.60
$2.80 $3.00
10.22% 6.34% 5.50% 13.04% 7.69% 7.14%
5-year DGR: 8.52% 7.91%

projected, assuming no further changes


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