Waste Management, Inc.
WM22 yrs growthIndustrials · Stock · quarterly payer
Forward Yield
1.79%
Annual Dividend
$3.78
Payout Ratio
50%
5-Yr Growth
8.6%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Summary
As of September 2026, Waste Management, Inc. (WM) yields 1.79% ($3.78 per share annually), with a blended fair-value estimate of $131.65 — -38% downside, so it screens as overvalued. Dividend safety grade: A (87/100). 22 years of dividend growth.
Is WM a good dividend stock?
YesWaste Management, Inc. (WM) pays a quarterly dividend yielding 1.79% ($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 (50%)
- Strong 8.6% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.79%
- Payout Ratio
- 50%
- Annual Dividend
- $3.78
- 5-Yr Avg Growth
- 8.6%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 22
- Frequency
- quarterly
- Beta
- 0.43
- Market Cap
- $84.4B
- P/E Ratio
- 29.9
- 5-Yr Total Return
- 32%
- 52-Week Range
- $194.11 – $248.13
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
Frequently Asked Questions
WM Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+28%
5 Years
+32%
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 $131.65 per share, versus a market price of $211.10. That implies 38% of downside.
Fair Value
$131.65
Current Price
$211.10
Downside
-38%
Margin of Safety
-60%
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 19.9% annual free-cash-flow growth. We model 9.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 9.3% stage-1 growth, 2.5% terminal growth, $7.07 EPS, $3.78 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 |
|---|---|---|---|
| Sep 11, 2026 | — | $0.9450 | regular |
| 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 |
Income Calculator
At $3.78 / yr per share
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