WM Board Approves 7.1% Increase In Planned Quarterly Dividend Rate For 2024, From $0.70 To $0.75 Per Share
Portfolio Pulse from Benzinga Newsdesk
WM's Board has approved a 7.1% increase in the quarterly dividend rate for 2024, from $0.70 to $0.75 per share. This change raises the annual dividend from $2.80 to $3.00 per share, marking the twenty-first consecutive year of dividend increases. The first increased dividend is expected to be paid in March 2024, with each dividend subject to Board approval prior to payment.
December 11, 2023 | 10:39 pm
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WM has announced a 7.1% increase in its quarterly dividend for 2024, from $0.70 to $0.75 per share, continuing its 21-year tradition of dividend growth.
Dividend increases are typically seen as a sign of a company's financial health and stability, which can attract income-focused investors and potentially drive up the stock price in the short term. WM's consistent history of dividend growth further reinforces investor confidence.
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