Waste Management Stock To Go Ex-dividend Tomorrow (WM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for Waste Management (NYSE: WM) is tomorrow, September 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $34.61 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Waste Management has been 3.8 million shares per day over the past 30 days. Waste Management has a market cap of $16.03 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 5.7% year to date as of the close of trading on Friday.

Waste Management, Inc., through its subsidiaries, provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling, and disposal services. The company has a P/E ratio of 17.6, above the average materials & construction industry P/E ratio of 17.5 and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Waste Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Waste Management Ratings Report.

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