Current Yield
1.55%
TTM Dividend/Share
$3.54
Payment Frequency
Quarterly
Payout Ratio
51.2%
Consecutive Growth Years
23 (Dividend Contender)
Key takeaways
- Dividend Contender — Waste Management (WM) has raised its dividend for 23 consecutive years.
- Waste Management (WM) currently yields 1.55%, paying $3.54 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 51.2% — the share of earnings distributed as dividends.
- 6 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 8.65% (growth is accelerating).
Dividend yield valuation for Waste Management (WM)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 1.55% |
1-year average yield | 1.51%now 0.04 pp above |
3-year average yield | 1.52%now 0.03 pp above |
5-year average yield | 1.52%now 0.03 pp above |
WM: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Waste Management (WM)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 10.2% |
FCF payout ratio | 11.7% |
Net debt / EBITDA | 3.1x |
Interest coverage | 5.18x |
ROIC (TTM) | 10.6% |
Dividend safety score for Waste Management (WM)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
6 of 8 checks passed
Payout ratio below 75%
Payout ratio is 51.2%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $1.9B — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
23 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 11.7%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.1x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (8.6%) exceeds EPS growth (7.7%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
97 payments from 1998 to 2026 · Adj. Dividend is split-adjusted
| Jun 5, 2026 | Jun 18, 2026 | $0.9450 | $0.9450 |
| Mar 13, 2026 | Mar 27, 2026 | $0.9450 | $0.9450 |
| Dec 5, 2025 | Dec 19, 2025 | $0.8250 | $0.8250 |
| Sep 12, 2025 | Sep 26, 2025 | $0.8250 | $0.8250 |
| Jun 6, 2025 | Jun 20, 2025 | $0.8250 | $0.8250 |
| Mar 14, 2025 | Mar 28, 2025 | $0.8250 | $0.8250 |
| Dec 6, 2024 | Dec 20, 2024 | $0.7500 | $0.7500 |
| Sep 13, 2024 | Sep 27, 2024 | $0.7500 | $0.7500 |
| Jun 7, 2024 | Jun 21, 2024 | $0.7500 | $0.7500 |
| Mar 14, 2024 | Mar 28, 2024 | $0.7500 | $0.7500 |
| Nov 30, 2023 | Dec 15, 2023 | $0.7000 | $0.7000 |
| Sep 7, 2023 | Sep 22, 2023 | $0.7000 | $0.7000 |
- Jun 5, 2026$0.9450
- Mar 13, 2026$0.9450
- Dec 5, 2025$0.8250
- Sep 12, 2025$0.8250
- Jun 6, 2025$0.8250
- Mar 14, 2025$0.8250
- Dec 6, 2024$0.7500
- Sep 13, 2024$0.7500
- Jun 7, 2024$0.7500
- Mar 14, 2024$0.7500
- Nov 30, 2023$0.7000
- Sep 7, 2023$0.7000
Historical dividend yield for Waste Management (WM)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 1.51%5Y: 1.52%10Y: 1.77%
Dividend per share for Waste Management (WM)
CAGR (per year)1Y: 10.00%5Y: 8.65%10Y: 7.92%↑ Accelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1998 | $0.02 | 2 |
| 1999 | $0.01 | 1 |
| 2000 | $0.01 | 1 |
| 2001 | $0.01 | 1 |
| 2002 | $0.01 | 1 |
| 2003 | $0.01 | 1 |
| 2004 | $0.75 | 4 |
| 2005 | $0.80 | 4 |
| 2006 | $0.88 | 4 |
| 2007 | $0.96 | 4 |
| 2008 | $1.08 | 4 |
| 2009 | $1.16 | 4 |
| 2010 | $1.26 | 4 |
| 2011 | $1.36 | 4 |
| 2012 | $1.42 | 4 |
| 2013 | $1.46 | 4 |
| 2014 | $1.50 | 4 |
| 2015 | $1.54 | 4 |
| 2016 | $1.64 | 4 |
| 2017 | $1.70 | 4 |
| 2018 | $1.86 | 4 |
| 2019 | $2.05 | 4 |
| 2020 | $2.18 | 4 |
| 2021 | $2.30 | 4 |
| 2022 | $2.60 | 4 |
| 2023 | $2.80 | 4 |
| 2024 | $3.00 | 4 |
| 2025 | $3.30 | 4 |
| 2026 | $1.89 | 2 |
Dividend growth for Waste Management (WM)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $3.3000 | — | — |
| 2025 | $3.0000 | $3.3000 | +10.0% |
| 2024 | $2.8000 | $3.0000 | +7.1% |
| 2023 | $2.6000 | $2.8000 | +7.7% |
| 2022 | $2.3000 | $2.6000 | +13.0% |
| 2021 | $2.1800 | $2.3000 | +5.5% |
| 2020 | $2.0500 | $2.1800 | +6.3% |
| 2019 | $1.8600 | $2.0500 | +10.2% |
| 2018 | $1.7000 | $1.8600 | +9.4% |
| 2017 | $1.6400 | $1.7000 | +3.7% |
| 2016 | $1.5400 | $1.6400 | +6.5% |
| 2015 | $1.5000 | $1.5400 | +2.7% |
| 2014 | $1.4600 | $1.5000 | +2.7% |
| 2013 | $1.4200 | $1.4600 | +2.8% |
| 2012 | $1.3600 | $1.4200 | +4.4% |
| 2011 | $1.2600 | $1.3600 | +7.9% |
| 2010 | $1.1600 | $1.2600 | +8.6% |
| 2009 | $1.0800 | $1.1600 | +7.4% |
| 2008 | $0.9600 | $1.0800 | +12.5% |
| 2007 | $0.8800 | $0.9600 | +9.1% |
| 2006 | $0.8000 | $0.8800 | +10.0% |
| 2005 | $0.7500 | $0.8000 | +6.7% |
| 2004 | — | $0.7500 | — |
- 2026—
- 2025$3.3000
- 2024$3.0000
- 2023$2.8000
- 2022$2.6000
- 2021$2.3000
- 2020$2.1800
- 2019$2.0500
- 2018$1.8600
- 2017$1.7000
- 2016$1.6400
- 2015$1.5400
- 2014$1.5000
- 2013$1.4600
- 2012$1.4200
- 2011$1.3600
- 2010$1.2600
- 2009$1.1600
- 2008$1.0800
- 2007$0.9600
- 2006$0.8800
- 2005$0.8000
- 2004$0.7500
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
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