Waste Management (NYSE: WM) frequently gets overlooked as a boring, low-growth stock. But the company's huge dividend and wide moat make it an ideal holding for the long-term investor. 

The Fool's Austin Smith has put his money on the line because of the company's wide moat, great dividend, and ability to invest in itself in a way other competitors can't match. Its 4.4% yield is significantly better than you'll find on the Dow Jones Industrial Average (INDEX: ^DJI), and its portfolio of landfills is a long-term asset that should continue to support the company's dominance. 

In today's video, Austin concludes that Waste Management should continue to deliver for the patient and deliberate investor out there. 

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Austin Smith owns shares of Waste Management and Philip Morris International. The Motley Fool owns shares of Waste Management. Motley Fool newsletter services recommend Republic Services and Waste Management. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.