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 colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

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

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