May 24, 2012
In today's video, I look at Waste Management and explain why I'm giving the stock a outperform rating on my profile in Motley Fool CAPS. Waste Management is the largest trash and environmental services business in the U.S. Even in a down economy, garbage needs to be disposed of, which gives Waste Management an edge over businesses in other industries. Additionally, the company's waste-to-energy operations create enough renewable energy each year to power more than 1 million homes.
Investors craving strong returns will find no shortage of reasons to love Waste Management. The company pays an annual dividend of $1.42 per share and boasts an impressive dividend yield of 4.3%, which is a full percentage point above its closest competitor, Republic Services. Also, even under tough economic conditions, both Waste Management and Republic Services were able to grow their dividends.
Finding stocks that will continue to reward shareholders with rich paybacks isn't as easy as chasing the highest yields. Discover nine safe dividends that will make you money now, in this special free report from The Motley Fool's brightest analysts. Click here for instant access to this free report: "Secure Your Future With 9 Rock-Solid Dividend Stocks." It won't be around forever, so be sure to grab your copy today.