Waste Management Approves Up to $1.5 Billion Stock Buyback Program, Increases Dividend
08 Dezember 2022 - 11:30PM
Dow Jones News
By Kathryn Hardison
Waste Management Inc.'s board of directors has approved a $1.5
billion share buyback program and an increase to its planned
quarterly dividend rate.
The company said Thursday that the new buyback program replaces
its prior $1.5 billion authorization that was fully utilized in
2022.
Waste Management's board also approved a 7.7% increase to its
planned quarterly dividend rate for 2023, from 65 cents per share
to 70 cents per share. The annual dividend rate increases from
$2.60 to $2.80, it said.
The company intends to declare its first-quarter dividend in
February, and it is expected to be paid in March.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
December 08, 2022 17:15 ET (22:15 GMT)
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