2024-02-06 12:14:27 ET
Summary
- 75% of WM's revenue has annuity-like characteristics, making it stable during economic downturns.
- WM consistently rewards shareholders through a strategic capital allocation plan, resulting in 19 consecutive years of dividend growth.
- While WM's dividend growth rate may not be in double digits, investors can rely on steady and consistent dividend payments for the long term.
- Waste disposal is an always needed essential service.
Waste Management (WM) is poised for slow, yet consistent and sustainable long term growth due to their recession resilient characteristics, annuity like revenue streams, and strategic capital allocation....
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For further details see:
Waste Management: A Deep Dive Into A Recession-Proof Dividend Stock