Waste Management, Inc. - WM STOCK NEWS

Waste Management (NYSE: WM) has been recognized by Ethisphere as one of the 2021 World’s Most Ethical Companies, marking its 12th honor in this category. The company is the only honoree in the Environmental Services sector, alongside 135 other companies globally. Ethisphere emphasizes that honorees show a strong commitment to ethics and integrity, outperforming a large cap index by 7.1 percentage points over five years. Waste Management continues to lead in sustainability, having also been named in Barron’s 100 Most Sustainable Companies and CDP’s Climate Change A List for five consecutive years.

Waste Management, Inc. (NYSE: WM) has declared a quarterly cash dividend of $0.575 per share, payable on March 26, 2021, to stockholders of record on March 12, 2021. The company, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America, including collection, disposal, and recycling. Additionally, Waste Management is known for developing landfill gas-to-energy facilities, serving various customers across the region.

Waste Management reported financial results for Q4 and the year ending December 31, 2020, showing revenue of $4.067 billion, a 5.7% increase from $3.846 billion in Q4 2019. Adjusted operating EBITDA rose 4.1% year-over-year, with an adjusted operating EBITDA margin of 28.1%. For the year, revenue totaled $15.218 billion, down from $15.455 billion in 2019. Notably, free cash flow surged to $2.66 billion, up from $2.11 billion in 2019. The company forecasts revenue growth between 10.75% and 11.25% for 2021, with adjusted operating EBITDA expected between $4.75 billion and $4.9 billion.

Waste Management (NYSE: WM) is set to release its fourth quarter and full-year 2020 financial results before market opening on February 18, 2021. An investor conference call will follow at 10 a.m. ET, available via a live audio webcast at investors.wm.com. The replay of this call will be accessible through March 4. Waste Management, based in Houston, is North America's leading provider of waste management services, offering collection, disposal, and recycling solutions for residential and commercial customers.

Waste Management (WM) announced a 5.5% increase in its quarterly dividend rate for 2021, from $0.545 to $0.575 per share, raising the annual rate from $2.18 to $2.30. Additionally, the Board approved a $1.35 billion stock buyback, replacing the previous $1.5 billion authorization. This marks 18 consecutive years of dividend increases, attributed to strong business performance and free cash flow generation. The first increased dividend is expected to be declared in February 2021.

Waste Management has earned a position on the CDP's prestigious ‘A List’ for corporate sustainability for the fifth consecutive year. This recognition highlights the company's commitment to cutting emissions and mitigating climate risks, with a goal to reduce, offset, and avoid emissions by four times by 2038. Currently, Waste Management's low-carbon initiatives already mitigate three times their operational emissions. Out of 5,800+ companies evaluated, Waste Management stands out for its environmental transparency and leadership, contributing to the global fight against climate change.

Waste Management, Inc. (NYSE: WM) has declared a quarterly cash dividend of $0.545 per share, scheduled for payment on December 18, 2020. Shareholders on record as of December 4, 2020 will receive this dividend. The company is a leader in waste management services across North America, providing collection, disposal, recycling, and landfill gas-to-energy solutions for various customer segments.

Waste Management (NYSE: WM) has announced the pricing of a $2.5 billion public offering of senior notes, which includes various maturities ranging from 2025 to 2050. The offering will close on November 17, 2020, subject to conditions. The net proceeds will be utilized for repaying outstanding borrowings under its credit facility and redeeming $400 million of 4.60% senior notes due March 2021. The offering is rated A- by S&P and BBB+ by Fitch. This strategic move follows the acquisition of Advanced Disposal Services, enhancing Waste Management's financial stability and operational capabilities.