Waste Management Inc. (NYSE: WM) is experiencing growth with shares near an all-time high, up 15% year-to-date while the S&P 500 decreases. Its strong defensive stock position is backed by 85% institutional ownership, large competitive advantages, market expansions, and a growing renewable energy segment. The company has a rich history dating back to 1893 and has provided substantial returns, outperforming the market with nearly 1,470% growth over 30 years. Waste Management has also reliably increased its dividend annually for nearly two decades, highlighting its sound financial management and dedication to investors.
Waste Management Inc. has maintained its position as a defensive stock amidst market downturns, with shares up 15% year to date, outperforming the S&P 500.
With a competitive moat and a strategic focus on renewable energy and market expansion, Waste Management is poised for potential growth through the end of the decade.
Originally founded in 1893, Waste Management has transformed into a market leader, demonstrating impressive returns, with nearly 1,470% growth over three decades.
The company has consistently increased its dividend since 2004, reflecting its strong financial health and commitment to shareholder returns, with a 7.2% annual growth rate.
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