Waste Management
WM (NYSE)
Waste Management is recognized for its essential services that yield consistent income, bolstered by a recent dividend increase and share repurchase program. Currently, the stock presents a dividend yield of 1.55% and has delivered impressive long-term returns, including an 8.27% gain over the past year and a remarkable 108.49% over five years. Analysts have set a median 12-month price target of $258, indicating strong confidence despite a recent earnings miss, suggesting that while the stock may seem pricey now, it remains a highly regarded investment for the long haul.
Pros:
- Essential services
- Steady income
Cons:
- Regulatory challenges
- Economic sensitivity
Waste Management (WM) may be a suitable investment for those seeking stability and consistent income through dividends, particularly in a sector that provides essential services. While the stock has shown strong long-term performance, potential investors should consider the current valuation and recent earnings results as part of their decision-making process.