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.