Waste Management Inc. (NYSE: WM) is currently trading near its all-time high with an 18.4% increase year-to-date, providing strong performance against the S&P 500. The company has an 84.2% institutional ownership, showcasing robust investor confidence. Waste Management possesses a competitive edge, an expanding renewable energy sector, and several market expansion opportunities. The company has delivered impressive stock returns since the 1998 merger, yielding 1,470% compared to the S&P 500's 966%. Additionally, its dividend has consistently grown from $0.75 to $3.30 per share since 2004, reflecting a 7.2% annual growth rate over the past decade.
Waste Management Inc. (NYSE: WM) currently boasts an 84.2% institutional ownership, indicating strong investor confidence. The stock is considered a defensive investment, having risen 2.1% recently.
The company has a substantial competitive moat and is exploring new market expansion opportunities while focusing on a growing renewable energy business.
Since the merger in 1998, Waste Management's stock has generated total returns of nearly 1,470%, outperforming the S&P 500 which returned 966% over the same period.
Waste Management began paying dividends post-merger and has increased its payout annually since 2004, growing from $0.75 to $3.30 per share, with a compound annual growth rate of 7.2% over the past decade.
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