On 16 December, Waste Management (WM) increased its quarterly dividend by 10.00%, from 75¢ to 82.5¢ per share.
The dividend will be paid in March 2025.
WM's contribution to DivGro's projected annual dividend income will increase by $24 to $264.
I own 80 shares of WM at an average cost basis of $210.02 per share. Following this increase, my yield on cost is 1.57%. (WM's forward yield is 1.60% at $206.50 per share).
Since opening my position in July 2024, the stock has generated a total return of -1%, including $60 in dividend income.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $2.05 | $2.18 | $2.30 | $2.60 | $2.80 | ⬆ | $3.00✝ |
| 10.22% | 6.34% | 5.50% | 13.04% | 7.69% | ⬇ | 7.14% |
| 5-year DGR: | 8.52% | ⬇ | 7.91% | |||
✝projected, assuming no further changes
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