The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.

Dave Meier looks for three things in a dividend play. First, he wants a good yield. Second, he wants to see solid growth in the company. Most important, he wants to see sustainability. He believes he has found all that and more in Waste Management. In this video, Dave lays out his case for this solid dividend-payer.

David Meier has no positions in the stocks mentioned above. John Reeves owns shares of Procter & Gamble.

The Motley Fool owns shares of Waste Management. Motley Fool newsletter services have recommended buying shares of Procter & Gamble, Republic Services, Veolia Environnement, and Waste Management. Motley Fool newsletter services have recommended creating a write covered strangle position in Waste Management. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.