Wm announces plan to increase its dividend rate and a new share repurchase authorization

Houston--( business wire )--wm (nyse: wm) today announced that its board of directors has approved a 7.7% increase in the planned quarterly dividend rate for 2023, from $0.65 to $0.70 per share. the annual dividend rate increase from $2.60 to $2.80 per share marks the twentieth consecutive year of dividend rate increases. the company also received authorization from its board of directors to repurchase up to $1.5 billion of the company's common stock. this new authorization replaces our prior $1.5 billion authorization that was fully utilized in 2022.
WM Ratings Summary
WM Quant Ranking