Waste Management Inc. ( NYSE: WM) shares fell 5.0% from a peak of $242.58 in June 2023. Despite this decline, the stock has risen 14.3% year-to-date, outperforming the S&P 500's 7.6% gain. The company remains a defensively positioned stock with a competitive focus in new markets and a growing renewable energy division. Total stock returns over three decades reached 5,170%, significantly beating the S&P 500’s 2,230%. The company has consistently raised dividends since 2004, with a compound growth rate of 7.2% over the last decade.
Waste Management Inc. ( NYSE: WM) has experienced a 5.0% decline since reaching a $242.58 all-time high in June 2023, yet remains 14.3% higher year-to-date.
The company benefits from a large competitive moat, opportunities in new markets, and a burgeoning renewable energy sector, solidifying its status as a defensive stock.
Over three decades, Waste Management has produced total returns exceeding 5,170%, significantly outperforming the S&P 500, which delivered a return of only 2,230%.
The company's dividend grew from $0.75 per share to $3.30 per share since the 1998 merger, demonstrating a compound growth rate of 7.2% annually for the past decade.
Collection
[
|
...
]