Waste Management, Inc.
WM22 yrs growthIndustrials · Stock · quarterly payer
Forward Yield
1.48%
Annual Dividend
$3.54
Payout Ratio
49%
5-Yr Growth
8.6%
Ex-Date
Jun 5, 2026
Frequency
Quarterly
Summary
As of July 2026, Waste Management, Inc. (WM) yields 1.48% ($3.54 per share annually), with a blended fair-value estimate of $122.21 — -49% downside, so it screens as overvalued. Dividend safety grade: A (88/100). 22 years of dividend growth.
Is WM a good dividend stock?
YesWaste Management, Inc. (WM) pays a quarterly dividend yielding 1.48% ($3.54/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 22 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (49%)
- Strong 8.6% 5-yr dividend growth
- 54% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.48%
- Payout Ratio
- 49%
- Annual Dividend
- $3.54
- 5-Yr Avg Growth
- 8.6%
- Ex-Dividend Date
- Jun 5, 2026
- Years of Growth
- 22
- Frequency
- quarterly
- Beta
- 0.45
- Market Cap
- $96.0B
- P/E Ratio
- 34.5
- 5-Yr Total Return
- 54%
- 52-Week Range
- $194.11 – $248.13
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
Frequently Asked Questions
WM Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+53%
5 Years
+54%
52-Week Range
$194.11 – $248.13
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WM worth?
Overvaluedhigh confidenceOur blended fair-value estimate for Waste Management, Inc. is $122.21 per share, versus a market price of $239.31. That implies 49% of downside.
Fair Value
$122.21
Current Price
$239.31
Downside
-49%
Margin of Safety
-96%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 8.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 8.6% stage-1 growth, 2.5% terminal growth, $6.92 EPS, $3.54 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WM Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 5, 2026 | — | $0.9450 | regular |
| Mar 13, 2026 | — | $0.9450 | regular |
| Dec 5, 2025 | — | $0.8250 | regular |
| Sep 12, 2025 | — | $0.8250 | regular |
| Jun 6, 2025 | — | $0.8250 | regular |
| Mar 14, 2025 | — | $0.8250 | regular |
| Dec 6, 2024 | — | $0.7500 | regular |
| Sep 13, 2024 | — | $0.7500 | regular |
| Jun 7, 2024 | — | $0.7500 | regular |
| Mar 14, 2024 | — | $0.7500 | regular |
| Nov 30, 2023 | — | $0.7000 | regular |
| Sep 7, 2023 | — | $0.7000 | regular |
| Jun 1, 2023 | — | $0.7000 | regular |
| Mar 9, 2023 | — | $0.7000 | regular |
Income Calculator
At $3.54 / yr per share
