 |
|
| Dow | Nasdaq | About Us | Disclaimer |  |
RSS Feed |  |
Follow us on Twitter |
|
Featured Advisors |
Monday August 13, 2012
Waste Management: Cash from trash
by Jason Cimpl, editor Top Stock Insights My favorite high-yielding blue chip is Waste Management (WM) because it rewards you with cash from trash; its annuity-like revenue created a history of converting this cash into shareholder value. Because waste removal is a critical component to any society, companies in this sector are safer and more reliable. Its financial stability allows it to hold up well in nearly every economic environment too, remaining profitable and distributing earnings as cash dividends to shareholders. Trash generation rates have exploded. The amount of garbage sent to landfills has almost tripled over the past 50 years. You can't count on the weather. You can't count on the government. And you can't count on the stock market. But you can count on the demand for good trash removal. Waste Management is the largest waste disposal company in North America, providing collection to 21 million customers through 345 transfer stations and 266 landfills. More than 80% of those customers are on at least 3-year contracts. When it comes down to it, waste removal is one of the most essential services required by modern society. Proper human waste removal is what keeps our cities livable, and prevents our suburbs from turning into third-world countries. Waste Management's dividend has steadily increased at a compounded annual growth rate of 7.8% over the past seven years. The payout grew 70% in value from $0.80 per share in 2005 to last year's $1.36 per share. Learn more about this financial newsletter at Top Stock Insights. Related articles:
|
News Flash
|
|