WMI unveils financial plans.(News)(Waste Management Inc)
Waste News, November, 2004 by Johnson, Jim
Byline: Jim Johnson Waste Management Inc. is increasing its dividend by a nickel per year - up to 80 cents per share - and plans to spend hundreds of millions of dollars annually on stock buybacks. The nation's largest solid waste management company will increase its quarterly dividend from 18.75 cents per share to 20 cents per share.
That move means Waste Management will pay out about $460 million per year in dividends to shareholders. The company board also authorized spending up to $1.2 billion per year on the dividends in stock repurchases for the next three years. "Waste Management continues to demonstrate its ability to generate consistent and strong cash flows from its operations and the board of directors and management continue to...
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