miami waste management dividends

Posted on December 12, 2012 by mcooper

Waste Management Inc. is increasing its quarterly dividend by a penny a share.

The Houston-based solid waste management company said the 2.8% increase from 35.5 to 36.5 cents per share each quarter will bring annual dividend payments to $1.46 per share.

“Our dividend increase reflects the continued strength in our cash flows,” CEO David P. Steiner said in a statement. “In 2014, we expect our operating free cash flow to grow by double digits.”

Waste Management plans to declare its first quarter dividend in February and expects to pay the increased amount for the first time in March.

This is the 10th year in a row that the company has increased quarterly dividends.

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