By Colin Kellaher 

Waste Management Inc. on Tuesday said it raised its quarterly dividend by 5.5% to 57.5 cents from 54.5 cents.

The new payout, equal to $2.30 a year, represents an annual yield of about 2.08%, based on Monday's closing price of $110.56, up from about 1.97%.

The Houston provider of waste management environmental services said the increased dividend is payable March 26 to shareholders of record March 12.


Write to Colin Kellaher at


(END) Dow Jones Newswires

February 23, 2021 12:07 ET (17:07 GMT)

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