SmarterDividends
WM

Waste Management (WM) Dividend

22 yrs growth

Waste Management, Inc. · Industrials · Waste Management · quarterly payer

$242.53

Overvalued · -47% Add to Portfolio

As of Nov 5, 2026, Waste Management (WM) pays a quarterly dividend of $0.9450 per share, or $3.78 a year, a 1.59% yield at its $242.53 share price. It pays every quarter, usually in March, June, September and December. It has raised its dividend 22 years in a row and has a dividend safety grade of A.

Forward Yield

1.59%

Annual Dividend

$3.78

Payout Ratio

48%

5-Yr Growth

8.6%

Ex-Date

Sep 11, 2026

Frequency

Quarterly

Key facts about WM's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Waste Management, Inc. (WM) has a forward dividend yield of 1.59%, based on an annual dividend of $3.78 per share and a share price of $242.53.
  • As of Nov 5, 2026, WM's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Waste Management, Inc. (WM) has raised its dividend for 22 consecutive years as of Nov 5, 2026.
  • WM has never cut its regular dividend in the payment history SmarterDividends has on record.
  • WM's most recent ex-dividend date was Sep 11, 2026, for a dividend of $0.95 per share.
  • As of Nov 5, 2026, WM pays out 48% of its trailing 12-month earnings as dividends (its payout ratio).
  • WM's dividend has grown at an average rate of 8.6% a year over the past five years.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for WM is $129.73 per share, 47% below the $242.53 share price, so WM screens as overvalued.
  • Waste Management, Inc. (WM) pays its dividend quarterly, 4 times a year.
  • Waste Management, Inc. (WM) has raised its regular dividend 23 times and cut it 0 times across the 98 payments on record since 1998. Its most recent change was a 14.5% increase to $0.945 per share, going ex-dividend on Mar 13, 2026.
  • Waste Management (WM) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 14.5%, was declared on Mar 2, 2026.
Cite this page

SmarterDividends, "WM Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/WM

Is WM a good dividend stock?

Yes

Waste Management, Inc. (WM) pays a quarterly dividend yielding 1.59% ($3.78/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 (48%)
  • Strong 8.6% 5-yr dividend growth
  • 45% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
1.59%
Payout Ratio
48%
Annual Dividend
$3.78
5-Yr Avg Growth
8.6%
Ex-Dividend Date
Sep 11, 2026
Years of Growth
22
Frequency
quarterly
Beta
0.39
Market Cap
$96.4B
P/E Ratio
31.8
5-Yr Total Return
45%
52-Week Range
$194.11 – $248.13
Dividend Safety
A · 89/100
Ever Cut?
No

WM dividend raises and cuts

Waste Management, Inc. (WM) has raised its regular dividend 23 times and cut it 0 times across the 98 payments on record since 1998. Its most recent change was a 14.5% increase to $0.945 per share, going ex-dividend on Mar 13, 2026.

Ex-dateChangeOld → newMove
Mar 13, 2026Raise$0.825 → $0.945+14.5%
Mar 14, 2025Raise$0.750 → $0.825+10.0%
Mar 14, 2024Raise$0.700 → $0.750+7.1%
Mar 9, 2023Raise$0.650 → $0.700+7.7%
Mar 16, 2022Raise$0.575 → $0.650+13.0%
Mar 11, 2021Raise$0.545 → $0.575+5.5%
Mar 5, 2020Raise$0.513 → $0.545+6.2%
Mar 7, 2019Raise$0.465 → $0.513+10.3%
Mar 8, 2018Raise$0.425 → $0.465+9.4%
Mar 8, 2017Raise$0.410 → $0.425+3.7%
Mar 3, 2016Raise$0.385 → $0.410+6.5%
Mar 5, 2015Raise$0.375 → $0.385+2.7%
Show all 23 changes since 2004
Ex-dateChangeOld → newMove
Mar 6, 2014Raise$0.365 → $0.375+2.7%
Mar 7, 2013Raise$0.355 → $0.365+2.8%
Mar 7, 2012Raise$0.340 → $0.355+4.4%
Mar 9, 2011Raise$0.315 → $0.340+7.9%
Mar 1, 2010Raise$0.290 → $0.315+8.6%
Mar 5, 2009Raise$0.270 → $0.290+7.4%
Mar 6, 2008Raise$0.240 → $0.270+12.5%
Mar 8, 2007Raise$0.220 → $0.240+9.1%
Mar 2, 2006Raise$0.200 → $0.220+10.0%
Feb 25, 2005Raise$0.188 → $0.200+6.4%
Feb 26, 2004Raise$0.0100 → $0.188+1780.0%
Every WM payment →Download every raise and cut (CSV)
WM ex-dividend date & scheduleNext ex-date Sep 11, 2026 · full ex-dividend historyView →WM dividend historyEvery payment, totals by year, raises and cutsView →WM dividend calculator100 shares pay $378.00 a year, $94.50 each quarterCalculate →WM total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is WM a good dividend stock?

Yes. Waste Management, Inc. (WM) pays a quarterly dividend yielding 1.59% ($3.78/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.

Is WM undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WM's fair value is about $129.73 versus a $242.53 share price — so it looks overvalued (-47% vs. fair value).

Is WM's dividend safe?

WM has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 22-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is WM's fair value?

Our blended fair-value estimate for WM is about $129.73 per share, about 47% below the current $242.53 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is WM a buy, hold, or sell?

We don't issue formal ratings, but on the data WM screens as "yes" and overvalued. Waste Management, Inc. (WM) pays a quarterly dividend yielding 1.59% ($3.78/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. This is research for your own analysis, not investment advice.

Will WM cut its dividend?

WM earns a dividend-safety grade of A (89/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does WM pay a dividend?

Yes. Waste Management, Inc. pays a quarterly dividend of about $3.78 per share annually, a forward yield of roughly 1.59%.

How much dividend does 100 shares of WM pay?

At $3.78 per share a year, 100 shares of WM pay $378.00 a year in dividends before tax, about $94.50 each quarter. Buying them costs about $24,253 at the Nov 5, 2026 price.

What is WM's dividend yield?

As of Nov 5, 2026, WM's forward dividend yield is 1.59%, based on a $3.78 annual dividend and a $242.53 share price.

What is WM's dividend per share?

As of Nov 5, 2026, WM pays $3.78 per share per year, distributed on a quarterly basis.

What is WM's dividend payout ratio?

As of Nov 5, 2026, WM's payout ratio is 48% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has WM grown its dividend?

As of Nov 5, 2026, WM has increased its dividend for 22 consecutive years.

When is the next WM ex-dividend date?

As of Nov 5, 2026, WM's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $0.95 per share.

Income Calculator

At $3.78 / yr per share

Per payment (quarterly)$94.50
Annual$378.00
Monthly avg$31.50
Full WM dividend calculator →

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